The International Finance Corporation (IFC) said on Sunday it would act as the strategic advisor for Egypt's plans to boost the role of the private sector in the economy. The IFC said it would advise on the government's "asset monetization program, which will focus on harnessing private capital and know-how to manage state-owned assets". That will include structuring and preparing assets for sale, the IFC said in a statement.
Intel Corp will build a new factory in Israel worth $25 billion, Prime Minister Benjamin Netanyahu said on Sunday, calling it the largest-ever international investment in the country. The factory in Kiryat Gat is due to open in 2027 and will employ thousands of people, Israel's Finance Ministry said, adding that under the deal Intel will pay up a 7.5% tax rate, up from the current 5%. There was no immediate comment from Intel in Israel.
Saudi, French Officials to Discuss Major Investment Opportunities aawsat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aawsat.com Daily Mail and Mail on Sunday newspapers.
The Saudi Logistics Services (SAL) allocated $399 million worth of investments to implement a series of infrastructure projects by the end of 2027, announced CEO Faisal al-Beddah. The investment aims to enhance the company's presence and position as a leading company in cargo handling, logistics services, and storage. It also supports the efforts to establish the Kingdom as a global logistics hub and achieve the goals of Vision 2030.