Engineering News
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Egypt engineering industry exports grow by 29.9% in 7 months
The Engineering Export Council of Egypt revealed that engineering industry exports have increased by 29.9 percent since the beginning of the year.
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Egypt secures €165 million loan for grid upgrade
Egypt is expected to upgrade its energy infrastructure with a €165 million ($183 million) sovereign loan from the EBRD.
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Siemens and the General Authority for Industrial Development, Egypt sign MoU
This strategic agreement aims to elevate Egypt’s industrial capabilities and strengthen its position in MENA.
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Sisi approves €250 mln loan to electrify, upgrade Alexandria’s Abu Qir railway
The government approved the 250 million euros loan deal in August 2023, and the House of Representatives passed it in June 2024.
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Egypt welcomes Black & Decker’s first factory in MENA region
This investment will involve setting up the first factory for the production of electrical equipment and tools in the Middle East and Africa.
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Black & Decker to establish first electrical equipment factory in Egypt
Hossam Heiba, GAFI CEO, assured that all necessary investment facilities and incentives would be provided to accelerate the process.
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Egypt expects savings of $615 million after rising electricity prices
This comes as the Egyptian government has increased electricity prices with rates ranging from 14 percent to 40 percent for prepaid household meters.
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Egypt government hikes electricity prices by 40% to reduce subsidy bill
Egypt’s government has increased the price of electricity this week amidst a cost of living crisis, a move likely to cause further frustration.
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Egypt, Saudi Arabia go ahead with $1.8 B interconnector
The project is expected to be operational in two phases, with the first phase scheduled to begin in July 2025.
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Egypt hikes electricity prices for households by up to 50 percent
The country is gradually phasing out subsidies as part of an agreement with the International Monetary Fund (IMF).
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Maridive Offshore Projects secures $14.4mln contract for cable installation in Egypt
The contract involves the procurement and installation of electrical power cables in Egypt, with project execution set to begin in the third quarter.
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7 facts about Egypt’s project to localize computer chips and solar cells
As these initiatives take shape, Egypt could emerge as a regional leader in high-tech manufacturing, driving economic growth.
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Haier Egypt starts fridge production in Egypt September
The company aims to invest $50 million in manufacturing other products to be exported abroad.
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Egypt and EIB discuss bolstering partnership and collaboration in electricity sector
Discussions during the meeting centered on identifying opportunities for collaboration between the ministry and the EIB.
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Egypt's imports of consumer goods decrease by $7.8 M in May 2024
Egypt's overall imports decreased by 5.1 percent in May 2024 to $7.38 billion from $7.77 billion in the same month of the previous year.
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Power cuts are set to return to Egypt starting September 15
Egyptian Minister of Electricity, Mahmoud Essmat, affirmed that the load shedding plan, which was suspended on July 20.
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Madbouly: Electricity Subsidies to be Lifted Gradually over 4 Years
The fuel consumption bill withdrawn from the Ministry of Petroleum for power stations amounts to EGP 16 billion per month.
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Egypt’s engineering exports surge 28.6% in H1 2024
Importers from Egypt include the United Kingdom, Turkey, France, Germany, Georgia, Italy, the Czech Republic, and Spain.
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Petrojet Achieves 1,620-Meter Tunnel Excavation for Fourth Metro Line
This stretch covers the distance between Hadayek Al-Shagar station and Hadayek Al-Ahram station.
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Here’s why Egypt’s electricity prices are rising
One reason is the increasing rates of loss in electricity owning to rising electricity theft.