Industry News
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Raya Auto to set up USD 50 mn EV assembly plant next year
The plant will be developed in partnership with an unnamed Chinese company, with half of the project cost self-financed and bank loans.
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Turkish ambassador highlights strong textile ties at Denim & Jeans exhibition in Egypt
The two-day exhibition brought together approximately 55 companies from 10 countries, including a notable representation of 26 Turkish companies.
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Egypt boosts domestic short-staple cotton production in East Owainat
The project, now in its fifth year, is overseen by the Cotton Trading and Ginning Company, a subsidiary of the Holding Company for Cotton.
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TVS Motor’s two-wheelers to be assembled locally in Egypt by Ezz LCV
The new assembly line at Giza will focus on assembling popular TVS Motor models such as the TVS Apache RTR Series, TVS HLX Series, and TVS XL 100.
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TIGARA project holds 1st meeting to promote sustainable industrial growth in Egypt
As part of its 2024-2027 government programme, Egypt seeks to localize its industry and strengthen its industrial capabilities.
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IDG targets EGP 3bn investments in industrial zones by 2025
The company plans to accelerate land development and infrastructure improvements in key areas such as 6th of October City, Alamein, and East Port Said
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KIMA Signs Agreement with Al-Sharq Al-Haqiqi for Silico-Manganese Alloy Production
The agreement grants Al-Sharq Al-Haqiqi the rights to operate the furnace, owned by KIMA, which was rehabilitated at a cost of EGP53 million.
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Chinese automaker Geely begins production of 2 models in Egypt
The plant is expected to achieve an annual production capacity of around 30,000 units within the next three years.
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Egypt takes the first step toward a becoming a regional auto powerhouse
This milestone underscores the Egyptian government's broader strategy to localize the automotive industry, and attract foreign investment.
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A comprehensive look at Egypt’s strategy to boost industrial growth
This initiative forms part of the government’s overarching strategy to localize production, and position Egypt as a regional industrial hub by 2027.
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Chinese Geely inaugurates first car manufacturing plant in Africa, MENA in Egypt
The factory will produce the Emgrand 2025 sedan and the Coolray 2025 SUV.
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Turkish textile giant Katia&Bony to invest $50M in Egypt
Katia&Bony, a company founded in 2011 that produces for its brand and various global brands, is gearing up to launch sock manufacturing in Egypt.
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New women’s apparel brand prioritizes sustainably-grown cotton
A new Portland-based apparel startup combines the co-founder’s passion for sustainability with her family’s ancestry as Egyptian cotton farmers.
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China to establish new industrial complex in Egypt worth US$1.6 billion
The Chinese ambassador added that the total investment is expected to reach $10 billion with a final production capacity of 10 million tons per year.
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Sinopec Shanghai Petrochemical to Boost Operations with $2.91B Investments
As part of the project, the company will shut down 18 existing oil refining units and install new ones.
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European glass fibre producers target Egypt-based Chinese makers in trade complaint
They lodged an anti-dumping complaint against Chinese manufacturers operating out of Egypt alleging that they benefit from unfair subsidies.
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$5.768B Egypt's engineering, electronic product exports in 2024
The initiative is expected to enhance trade efficiency, lower logistical costs, and save Egypt an estimated $284 million annually.
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Asia Potash announces phosphate fertilizer complex plan in Egypt
The complex will have a total production capacity of 10 mn tons of phosphate once fully operational.
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ITIDA Partners with Konecta to Launch Regional Headquarters
As part of the agreement, Konecta plans to invest approximately $100 million in Egypt over the next three years.
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Electricity min. travels to Abu Dhabi to partake in 15th IRNEA assembly, ADSW
The IRENA Assembly will kick off the Abu Dhabi Sustainability Week (ADSW), which is due to take place between January 12-18.