Back to the complete issue
Thursday, 16 March 2023

Egypt could welcome a record 15 mn tourists this year -Eissa. PLUS: More wheat, social protection measures


Another record year for tourism? The Tourism Ministry is expecting to receive a record 15 mn tourists this year, up 28% from last year, Minister Ahmed Issa said yesterday. Arrivals in January and February jumped 34% from the same period in 2022, he said earlier this week. The ministry wants to attract as many as 30 mn tourists per year by 2028.


GASC wants more int’l wheat: State grain buyer GASC has launched an international tender for 30-60k tons of wheat for delivery on 15-25 April on a free-on-board basis, Reuters reports. GASC will pay its suppliers in 180-day letters of credit. Interested traders need to submit their bids today.


House committee approves wage, pension hikes: The House Manpower Committee approved yesterday the new round of wage and pension hikes announced earlier this month to mitigate the impact of soaring inflation. The bill will move to the House for discussion and voting when it reconvenes on Sunday. The measures will go into effect on 1 April.


CIT, UNDP link up to promote AI: The Communications Ministry inked an agreement with the United Nations Development Program (UNDP) to support the ministry’s Applied Innovation Center in efforts to promote the use of artificial intelligence, it said in a statement Tuesday.

New tech firm in town: Dubai-based software company Ziwo has landed in Egypt, Gulf News reports. The company, which offers software solutions for call centers, has opened a new branch in Downtown Cairo’s Greek Campus that includes a sales department and an R&D center. Ziwo operates across the GCC and serves companies including Carrefour, Tabby, Floward, and Deliveroo.


Military firm to construct rail parts factory: The Transport Ministry has signed an MoU with military-affiliated company Lenza Egypt to build a factory producing spare parts for the Egyptian Railway Authority, it said Tuesday. The factory will cost EGP 3 bn, according to Al Borsa. Lenza Egypt is specialized in manufacturing water pumps.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.