Cabinet locks in FY 2026/27 industrial land rules while keeping prices under wraps

Good morning, wonderful people.

BUT FIRST- A programming note before we get underway:

Our partnership is a platform for Marakez

Our business relationship with Marakez may be new, but we’ve known the team leading the company for longer than is polite to say

Marakez and have the same goal: To build communities

Marakez sees our region the way we do:

We hope you’ll join us this morning in welcoming Marakez to our family You can read more about our partnership with Marakez here (pdf)

ARE YOU MORE OF A LISTENER? Morning Drive is a 10-minute summary And if you like it, tell your friends to tell their friends. They can find us on Apple, Spotify, or wherever they get their podcasts.

The Egypt Forum is back —

Every session on stage answers one question: “So, what do I actually do about it?”

Join us on 5 October in Cairo. Seats are limited and attendance is by invitation only.

Request your invitation here.

The government has locked in its industrial land pricing and allocation roadmap through June 2027 statement

The lower industrial developer rate will only apply to continuous, single plots larger than 500k sqm.

REMEMBER- industrial land pricing overhaul

IN CONTEXT- lease-to-own system delayed industrial projects up to 18 additional months

Keeping refineries fed

The government has contracted for 11.5 mn barrels of crude oil for August and September Al Arabiya

Why it matters: around 80% capacity

Spinalex offer undervalued

Spinalex’s board says the EGP 15-a-share offer from New Construction Chemical (NCC) and Escom for Real Estate Investment undervalues the company EGX disclosure (pdf)

The gap comes down largely to Spinalex’s real estate assets. discounted cashflow (DCF) valuation (pdf)

5.8% — that’s where Egypt’s unemployment rate stood in 2Q 2026 Capmas data

Destination Sahel Issue III drops this week, and we’re diving into how the North Coast is adapting to a changing market.

Developers are recalibrating as buyer behavior shifts, luxury retail is carving out a bigger piece of Sahel’s economy, and the wellness and sports scene has become a summer destination on its own.

In this issue, we get into what’s actually changing on the ground, from how developers are adjusting their pitch to where to shop and how to stay active this season.

Coming straight to your inbox on Wednesday, 12 August.

It’s nicer in Alexandria

The big story abroad

Updates from the regional war made the rounds over the weekend. are “very close” ending

More strikes in the strait: claimed

Berkshire Hathaway starts spending: invested

Switch Inc files for IPO: confidentially filed for a US IPO

Speaking of IPOs in the AI world: restructured