Industry News
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Egypt reinforces automotive industry localization with $50M Coficab investment
El-Khatib reaffirmed Egypt’s commitment to advancing the automotive industry and its supporting sectors as key pillars of the national economy.
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Gov’t seeks to turn Egypt into regional, industrial hub
The ministry developed a different strategy for turning Egypt into a regional, industrial hub in cooperation with the World Bank, said Wazir.
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President El-Sisi meets int’l industry leaders to discuss investment, industrial development
El-Sisi outlined the steps Egypt has taken to improve the investment climate, remove obstacles for investors, and develop the business environment.
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Egypt aims to raise industrial sector contribution to GDP to 30%
This event will be held from 25 to 27 November. The first edition of this conference and exhibition took place in 2022.
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Egyptian auto market startup Sylndr secures EGP 370 mn
EFG Corp-Solutions acted as one of the lenders of the transaction, alongside EFG Holding’s commercial bank Bank NXT, EG Bank, and others.
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SCZone lays foundation for $51 mln Turkish Eroğlu project in Egypt
Suez Canal Economic Zone (SCZone) has laid the foundation for the Eroğlu Egypt for Ready-Made Garments project, valued at $51 million.
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SCZone, Orascom sign EGP 12.87 bln land use agreement for industrial expansion
This expansion is the latest phase of Orascom’s successful investments in the Sokhna Industrial Zone, which spans 10 km².
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Textile Exports Set to Reach USD 1.4 Billion by 2025
The projected sales shows an up-mark from USD 1.2 billion in 2023.
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Egypt launches production line of Chinese-made Exeed cars
Egypt launched the production line of the Chinese-made Exeed cars on Sunday at the Egyptian-German Automotive's (EGA) factory in the Sixth of October.
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NASR, Al Safy Group sign EGP 500 mln deal to manufacture cars locally
This partnership will contribute to the country’s long-term economic growth and industrial development by meeting domestic market demand and expanding
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Huawei unveils its flagship Power-M Solution at Cairo ICT 2024
Huawei proudly unveiled its flagship Power-M Digital Power Solution, which sets a new benchmark in energy innovation, on the sidelines of Cairo ICT.
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Egypt’s textile, garment exports to surge to $1.4bn by 2025
Salam said that the council aims to raise the sector’s exports to $1.23bn by the end of 2024, a growth of 10%.
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El-Nasr manufactures its 1st electric bus
This cooperation comes within the framework of environmental protection, and the plan to develop new clean energy buses.
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Egypt seeks revitalising auto industry
PM Madbouli spoke at a ceremony to return of production lines at the state-owned El-Nasr Automotive Manufacturing Company (NASR) after 15-years.
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Egypt Aluminium achieves 45% of previous year’s net profit in only Q1
The basic earnings per share (EPS) increased to EGP 3.39 billion in Q1 FY2025 from EGP 1.30 in the year-ago period.
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Egypt, PADMA to launch €70M furniture manufacturing hub
Expressing gratitude for Egypt’s supportive environment, Krupa announced that construction on the 400,000-square-meter site has already begun.
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Egypt's Garment Export Council announces 18% increase in exports
With regard to the export markets of the sector, the United States of America ranks first with 871 million dollars, accounting for 43 percent.
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Supply of excavators
Cairo: Supply of 15 excavator hopper dredgers. Also, rehabilitation and renovation of 9 river/inland barges under two contracts
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Egypt signs 2nd phase of Egyptian Cotton Project with UNIDO
Egyptian Ministries of Agriculture and Industry have signed a document for the second phase of the Egyptian Cotton Project with UNIDO.
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Manufacturing and extractive industries index slips in August
The index, excluding crude oil and petroleum products, registered at 111.44, a slight decrease of 0.01 percent from July's final figure of 111.45.