Industry News
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Waja Company to set-up e-car factory in Egypt
Saudi Arabia’s Waja Company in JV to build manufacturing plant, leading new energy transition.
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4 Local Egyptian Sportswear Brands to Wear
The Egyptian fashion industry has witnessed a renaissance, where a wave of homegrown talent and creativity produced a wide array of brands.
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Austria, Czechia to establish $160 mln sodium cyanide production plant in Egypt
The plant would meet the needs of the local market and export 80 percent of its production to markets in the Mediterranean Basin and MENA.
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Chinese textile alliance explores $300m integrated textile city in Egypt
These companies expressed their desire to invest in Egypt, recognizing it as a crucial market in the Middle East and Africa.
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Egypt to increase industrial output by 20%: Trade Minister
This ambitious strategy is expected to create 7 to 8 million job opportunities during the specified period.
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SCZONE, china’s WU'AN XIN FENG to establish $297M Iron Factory
The Chairman of SCZONE, Walid Gamal El-Din, also revealed that the overall investments between China and SCZONE have exceeded $2 billion.
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Saudi firm WAJA Co. forms joint venture to produce EVs in Egypt
In October 2023, Egypt was ranked 28th in a global e-mobility index, which reveals the country’s readiness to transition to EVs.
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Egypt’s Electricity Outages Could Save USD 1 Billion Yearly
The government is working on solving the power crisis and that the saved resources are used for essential needs, such as food and medicine.
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UAE-based Freezoner, IFZA team up to showcase investment opportunities in Egypt, UAE, Saudi Arabia
Scheduled for 30 April, in Cairo, the event aims to delve into investment prospects and feasibility of establishing companies in Egypt, UAE and KSA.
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Madbouly government slashes 2024 privatization program targets to USD 1 bn
Finance Minister Mohamed Maait said that the government was looking to raise some USD 6.5 bn as recently as February.
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Egypt to halt load shedding in churches during holidays
Egypt announced suspending the load shedding plan in churches during holidays, such Easter and Holy Week.
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Egypt’s PM inspects ‘Pyramids’ factory for tires, rubber products
Egyptian Prime Minister Mostafa Madbouly made an inspection tour of various development projects in Port Said and Damietta governorates.
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Egypt successfully produces Unmanned Surface Vehicle with combat capabilities: Report
Established in 2018 as a private Egyptian joint stock company, Amstone is owned by Egyptian investors and shareholders.
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Top 10 paint producers in Egypt
Egypt is poised to emerge in 2024 as a key player in the global chemicals market, driving economic growth and sustainable development.
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Egypt aims for private sector to constitute over 70% of its economy
The Egyptian government is committed to empowering the private sector to take the lead in driving economic growth and capturing a significant share.
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No changes to Egypt’s load-shedding plan: Official
Load-shedding before Ramadan extended for two hours in each area from between 11 am to five pm, and it will be returned in the same order.
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Prices of electrical appliances drop by 30%
The downward trend in prices is anticipated to persist. Many electrical appliance firms have started to roll out promotional offers on select products
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Egypt's garment industry exports up 25 per cent in first two months of 2024 Text copied from https://tvbrics.com/en/new
Profits from overseas shipments of goods produced by the industry reaching US$464 million compared to US$371 million in the same period of 2023.
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Egypt's MoMP nearing TOT agreements with Thales Group?
The Egyptian Minister of State for Military Production Mohammad Salah El-Din met with representatives from Thales Group on 6/4/2024.
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Egypt consults with the EU to finance the electricity connection with Greece and Italy
The goal is to connect the Egyptian electricity grid to the European one and provide clean energy to Europe.