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Wednesday, 25 January 2023

Indomania + industrial incentives

Indomania on the airwaves: President Abdel Fattah El Sisi’s arrival in India yesterday for a three-day visit dominated the airwaves last night, as the talking heads parsed the significance of El Sisi being the first Egyptian president to be honored as “chief guest” at celebrations to mark the country’s 74th Republic day. The visit got coverage in Masaa DMC (watch, runtime: 3:55) and Al Hayah Al Youm (watch, runtime: 2:38), with Radwan paying special attention to planned meetings between the Egyptian delegation and Indian businesses to discuss potential investments here.

We’re India’s plus-one for the G20, too: India’s recent invitation to Egypt to attend the 2023 meetings of the G20 as a guest country proves the strength of relations between the two countries, former Egyptian Assistant Foreign Minister Mohamed Abdel Hakeem told Salet El Tahreer’s Azza Moustafa (watch, runtime: 11:07),

Industrial investors get a break from the IDA: The Industrial Development Authority (IDA) granted a 6-month extension to investors who have not been able to finish construction and obtain licenses for the factories they’ve been allotted land for within the required three-year period, IDA head Mohamed Abdel Karim told Al Hayah Al Youm in a phone call (watch, runtime: 9:33.) Those who’ve already accumulated fines for missing the deadline will get a 50% cut, Abdel Karim added. The IDA recently granted more than 5.7K operating licenses to new industrial plants, he said, as part of the Trade Ministry's streamlined procedures to set up a factory in Egypt.

AND- To the African Space Agency, and beyond: The African Union and the Higher Education Ministry yesterday inked an agreement officially establishing the headquarters of the African Space Agency in Egypt, Higher Education Minister Ayman Ashour told Masaa DMC’s Radwan (watch, runtime: 2:27.) The facility is part of the Egyptian Space Agency’s 123-acre Space City, which will also include a space academy, research center, and museum.

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