TBK International, Tabarak Holding’s development arm in the Gulf, and Minor Hotels, a global leader in the hospitality industry, signed a strategic cooperation agreement to launch the Oaks Riyadh project in Saudi Arabia.

The General Authority for Investment and Free Zones (GAFI) is in talks with Fountain Set Limited over the establishment of a $100 million textile industrial complex, as the Chinese manufacturer considers expanding its presence in Egypt’s spinning and weaving sector.

Orascom Development Egypt said its subsidiary, Makadi Heights for Tourism Development Company, signed an agreement with the government to develop a land plot measuring 1.021 million square meters directly connected to the existing Makadi Heights destination on the Red Sea coast.

Egypt Kuwait Holding announced the start of a project in the UK to recycle plastic waste into oils through one of its subsidiaries, in which the company holds an 85% stake.

Madinet Masr and Waheej Real Estate announced the launch of Citydom, a jointly owned real estate entity established between the two companies.

The General Authority of the Suez Canal Economic Zone (SCZONE) has laid the foundation stone for two textile and garment projects in the Qantara West Industrial Zone, with total investments amounting to $20.5 million, as per a statement.

The Suez Canal Authority (SCA) has signed a strategic partnership agreement with Anchorage Investments to establish a large-scale petrochemical industrial complex in Ain Sokhna, as per a statement.

Egypt’s Ministry of Public Business Sector has signed letters of intent with international financial institutions to finance the Dandara Solar Energy Project, which will supply electricity to the Egypt Aluminum Company (Egyptalum) (EGAL) complex in Nag Hammadi, Qena Governorate, as per a statement.

Heliopolis Housing and Development has signed an addendum to the partnership contract with Middle East for Real Estate Development and Investment, as per a disclosure.

The World Bank Group (WBG) has reported that its current partnership portfolio with Egypt includes 13 ongoing projects worth $6.5 billion.

The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has signed a new EGP 30 million financing contract with Flend.

The General Authority for the Suez Canal Economic Zone (SCZONE) has signed a new investment contract with Turkish company UR-SA to establish an industrial textiles and plastic packaging facility in the Qantara West Industrial Zone.

Egyptian real estate developer Madar Developments has launched its latest residential venture Kenz in New Sheikh Zayed, with a total investment of EGP 30 billion.

First Abu Dhabi Bank Misr (FABMISR) has led a syndicated loan worth EGP 4.2 billion to finance the development of Redcon Properties’ flagship Golden Gate project, a major commercial and administrative complex in New Cairo.

Talaat Moustafa Group Holding has signed a memorandum of understanding to develop a new large-scale mixed-use project on a 14 million sqm plot in southwest Baghdad, as part of its regional expansion strategy focused on replicating its integrated city model in Middle Eastern markets.

Palm Hills Development has signed an agreement with Wave Seven Investment RSC Ltd. to develop a 1.87 million-square-meter land plot in Abu Dhabi, adjacent to Saadiyat Island.

Madinet Masr has launched Shark Tank Business Park, in collaboration with Innovative Media Production (IMP) and Sony Pictures Entertainment.

The Saudi Real Estate Development Group has launched its latest residential venture, "Valea," in Sheikh Zayed City.

The General Authority for the Suez Canal Economic Zone (SCZone) has signed a $25 million contract with Indian firm Willow Ferro to establish a metal industries project in the Technology Valley, located east of Ismailia in Sinai.

Landmark Developments is in advanced talks with the Egyptian government to develop a $4 billion residential and commercial project in Cairo.