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Marcelo Ebrard announcing a major pharmaceutical investment in Hidalgo during his trip to Canada, featuring the Zapotlán plant construction.
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Ebrard announces 2 billion dollar investment in Hidalgo during Canada trip

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Economy Secretary Marcelo Ebrard ended a trade mission in Canada with the announcement of a 2 billion dollar investment by a Canadian pharmaceutical firm for Hidalgo. The project includes building an active pharmaceutical ingredients plant at the Zapotlán Economic Development Pole.

Egypt's real estate leaders are calling for structural reforms to turn the sector into a globally competitive investment hub. Proposals include a national export strategy, green incentives, and a long-awaited real estate exchange.

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Nigerian billionaire Aliko Dangote has signaled a preference for building a major oil refinery in Mombasa, Kenya, instead of the previously proposed Tanga site in Tanzania. Dangote made the remarks in a Financial Times interview published Sunday.

Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), stated that Egypt holds significant potential to develop its arbitration framework, particularly as the authority expands FinTech use in non-banking financial activities under Law No. 5 of 2022. He made the remarks at the Egyptian Arbitration Day conference. Azzam stressed the need for coordination among regulatory, legislative, and legal bodies to entrench arbitration as a key mechanism for investment disputes.

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Italian industrial and financial firms stand ready for the $12.5 billion Bishoftu International Airport project tender. Ethiopian authorities have yet to issue the official tender. Italian representatives say technical and financial preparations are complete.

Delta Capital for Urban Development has signed a strategic partnership with Emirates Global Investment (EGRI) for mixed-use projects in Egypt worth an estimated $500m. The deal covers about 500 feddans in strategic locations. Construction is scheduled to start in 2027.

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Livingyards announced its project portfolio investment value has exceeded EGP 30bn, targeting revenues over EGP 50bn in coming years. The company appointed Abdullah Lotfy as new Managing Director to bolster operations. It highlighted flagship developments in New Administrative Capital and New Cairo.

 

 

 

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