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Egypt 🇪🇬

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MSMEDA&#8217;s Significant Investment: A $3 million injection into Foundation Ventures to back Egyptian startups across diverse industries. 
Boosting Innovation: The collaboration aims to spark creativity and enhance Egypt&#8217;s economic edge on the global stage. 
Alignment with Vision 2030: This initiative supports Egypt&#8217;s strategic goal for a diversified, competitive economy. 
Support for Early-Stage Startups: Foundation Ventures will channel funds into fledgling companies, offering them the capital they need to flourish. 
Economic Growth and Job Creation: The partnership is expected to open up new job opportunities and stimulate robust economic development.

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Groundbreaking Partnership: Al-Itqan Legal Group and ReNile are joining forces to bring advanced smart farming technologies to Kuwait and the GCC, marking a significant leap forward for regional agriculture.
Legal and Technological Synergy: Al-Itqan will provide crucial legal support to ensure ReNile&#8217;s innovative technologies align seamlessly with local regulatory frameworks, facilitating smooth market integration.
Visionary Leadership: The agreement was spearheaded by Sultan Alqahtani, Co-Founder of Al-Itqan, and Hazem Salaheldin Eltawab, CEO of ReNile, showcasing a shared commitment to innovation and sustainability.
Customized IoT Solutions: ReNile offers state-of-the-art IoT systems that monitor and optimize water, soil, and air quality, tailored to meet the specific needs of farmers across the Arab region.
Regional Impact and Expansion: This partnership not only benefits Kuwait but also reflects a broader initiative to customize smart farming solutions throughout the GCC and Arab countries, including recent efforts in Tunisia.

Project Scope: The terminal will cover approximately 810,000 square meters, featuring capacities of 450,000 TEUs for containers, 5 million tonnes for dry bulk and general cargo, 1 million tonnes for liquid bulk, and Ro-Ro facilities accommodating 50,000 CEUs.
Infrastructure Details: Plans include a 48,000 square meter concrete apron, an 80,354 square meter container terminal, and around 66,360 square meters designated for general cargo and break-bulk operations.
Economic Impact: This development is part of AD Ports Group&#8217;s investment of approximately USD 349 million in Egypt over the past three years, aiming to boost economic growth and enhance trade routes.
Strategic Significance: The terminal is set to become the first internationally operated port serving the Upper Egypt region, enhancing the country&#8217;s maritime infrastructure on the Red Sea.
Leadership Statements: Captain Mohamed Juma Al Shamisi, Managing Director and CEO of AD Ports Group, expressed delight in the partnership, aligning with the UAE&#8217;s vision to strengthen trade ties with Egypt.

ReNile provides end-to-end IoT solutions for smart farming, focusing on water, air, and soil quality management. 
Arabian Business Machines, part of the Olayan Saudi Holding Company, specializes in office automation and security solutions within the technology sector. 
The partnership aims to enhance customer support and accessibility for ReNile&#8217;s products in Saudi Arabia. 
This collaboration is expected to contribute to the advancement of smart farming practices in the region.