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The government approved the 250 million euros loan deal in August 2023, and the House of Representatives passed it in June 2024.
02.09.2024 Egypt Independent
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This strategic agreement aims to elevate Egypt’s industrial capabilities and strengthen its position in MENA.
02.09.2024 Zawya
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This investment will involve setting up the first factory for the production of electrical equipment and tools in the Middle East and Africa.
01.09.2024 Egypt Independent
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Hossam Heiba, GAFI CEO, assured that all necessary investment facilities and incentives would be provided to accelerate the process.
29.08.2024 Ahram Online
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This comes as the Egyptian government has increased electricity prices with rates ranging from 14 percent to 40 percent for prepaid household meters.
28.08.2024 Agenzia Nova
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The project is expected to be operational in two phases, with the first phase scheduled to begin in July 2025.
25.08.2024 Transformers magazine
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Egypt’s government has increased the price of electricity this week amidst a cost of living crisis, a move likely to cause further frustration.
25.08.2024 new arab
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The country is gradually phasing out subsidies as part of an agreement with the International Monetary Fund (IMF).
21.08.2024 Arab News
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The contract involves the procurement and installation of electrical power cables in Egypt, with project execution set to begin in the third quarter.
18.08.2024 Zawya
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The company aims to invest $50 million in manufacturing other products to be exported abroad.
14.08.2024 Zawya
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