International Partnerships
Egypt's Minister of Tourism and Antiquities Sherif Fathy met with Albin Loidl, president of the German Travel Association (DRV), and a delegation of leading German tour operator executives at the Giza Pyramids. The meeting is part of a familiarisation trip aimed at strengthening ties with one of Egypt's key source markets. Discussions covered tourism strategies and global trends.
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Egypt has signed a memorandum of understanding to develop and build a factory producing seawater desalination membranes using reverse osmosis technology. The deal involves the New Urban Communities Authority, CITIC Construction, and ANCOM. The initiative supports water security and reduces import dependency.
ElAraby Group announced during a press conference that it will end all industrial and commercial agreements with Toshiba Home Appliances by the end of 2025. The group also revealed nearly $500m in new investments and strategic partnerships for manufacturing home appliances and electronics with leading global companies.