Industry News
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Egypt-Sudan electrical interconnection project to operate by end of year
The first phase of the electrical interconnection project with Sudan has a capacity of 300 megawatts, and expansion will take place.
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Egypt accelerates transport transition with large-scale vehicle conversions
The start-up Shift EV and the e-mobility platform BluEV have been given the green light for their respective conversion projects.
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Egypt to inaugurate 7 textile factories worth LE31B in 2024
The production of the factories will be promoted under brand names Nit and Mehalla.
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PM witnesses inking MoU on developing automotive industry in Egypt
The MoU was inked by head of the automotive industry unit Gomaa Mohamed Madany and CEO of the AAAM David Coffey.
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China surpasses India to become top buyer of Egyptian cotton in 2022
Egyptian cotton exports to China in 2022 were valued at $116.934 million, accounting for 43.09 per cent of the total shipment.
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Egypt, Saudi Arabia ink deals for industrial cooperation
Both deals were signed during the visit of the kingdom’s minister of Industry and Mineral Resources, Bandar Alkhorayef.
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Egypt approves local initiatives to convert vehicles to run on electricity
The platform stated that electric power would cost customers 30 percent less than fuel.
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CAPMAS: 7.02 %Increase in Manufacturing and extractive Index during March 2023
Manufacturing and extractive industries index (excluding crude oil and petroleum products) reached 113.96 during March2023.
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Egypt’s automotive industry has the potential to become the largest on the continent
This is supported by existing incentives and market dynamics, along with government plans to localize the industry.
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Egypt to Cultivate 600,000 Feddans of Cotton to Meet Needs of New Factories
He mentioned that with regard to short-staple cotton, our factories need most of Egypt's production of long-staple cotton.
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Saudi Arabia inks 2 MoUs with Egyptian entities for industrial cooperation
Saudi Arabia signed two memoranda of understanding (MoU) with Egyptian entities during a visit by the Saudi Minister of Industry and Mineral Resources
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Egypt and Japan's Sumitomo start construction of $100 million car electric-wiring factory
The Minister of Trade and Industry Ahmed Samir laid the foundation stone at Sumitomo Electric Egypt's new vehicle electric-wiring harness factory.
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President Sisi urges for continued upgrade of electricity sector
President Sisi was also posted on the latest developments regarding power linkage projects with neighboring countries, including Saudi Arabia, Greece.
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Egypt: Elsewedy Electric’s consolidated profits jump to $102.5mln in Q1-23
Revenues hiked by 79.50% year-on-year (YoY)
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Egypt Hosts Arab StarPack Award Ceremony
This year, Arab StarPack Pro recognized the best packaging design and innovations in consumer and industrial packaging on the Arab level.
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Australian consortium to launch an $875M phosphoric acid production plant
The consortium will establish a company named Osiris to implement the project which will be located in the city on the Red Sea coast.
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Turkish İskefe to invest $46 mln in Egypt's leather, gelatine markets
The Turkish firm İskefe Holding will invest $46 million in Egypt's leather and edible gelatine markets, according to Minister of Trade and Industry.
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Egypt’s automotive sales fell by 69% y-o-y in April, passenger car sales down by 70%
The AMIC attributed the downtrend to the continued impact of the foreign currency shortage.
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Alba strengthens ties with Egypt’s Aluminium Sector
Shaikh Daij bin Salman bin Daij Al Khalifa, highlighted the Company’s keenness on strengthening ties with key aluminium producers.