Industry News
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10 facts about the current state of the automotive industry in Egypt
The automotive industry and market in Egypt witnessed several challenges amid global and local crises and market fluctuations.
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2nd Egypt Fashion Awards Winners Announced
The winners of the 2nd edition of the Egypt Fashion Awards were announced in a ceremony at the Mall of Arabia.
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Up to 17 million Egyptians receive electricity for less than a quarter of its price: President Sisi
President Abdel Fattah al-Sisi stated 17 million Egyptians receive electricity at significantly subsidized rates.
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TNA revolutionises potato product supply for the Egyptian Army
TNA has delivered two cutting-edge complete production lines for potato products. Specifically designed for Hash Browns and Rosti.
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Egypt to save $3.5 bln annually from power cuts: El-Sisi
Egypt could save EGP 108 billion ($3.49 billion) annually through the daily power-cut plan that commenced in July, President Abdel-Fattah El-Sisi said
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Load reduction measures will continue indefinitely, Egypt's Electricity Ministry confirms
Egypt's Electricity Ministry reveals indefinite continuation of load reduction measures. No set date for ending the outages.
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Military Production Minister posted on progress in ongoing projects
The minister said the meeting is aiming to discuss the latest developments of joint projects being carried out by the ministry’s companies.
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Highlight: 20 decisions to increase industrial investment in Egypt
The Egyptian government has taken a decisive step towards sustainable industrial development. They aim to deepen and localize industry, grow local supply chains, and facilitate interactions.
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Egypt’s bold step towards electric vehicles
The Egyptian Cabinet granted a golden license to EgyptSat Auto, a private local auto manufacturer, to establish and operate a factory for EVs.
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Egypt and India expand trade relations
India is the fourth largest trade partner of Egypt. Bilateral trade rose by 13.7% to $6 billion in 2022. India championed Egypt's BRICS inclusion.
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Egypt to establish tyre factory with 1 bln euro investment -cabinet
Egypt is set to establish a tyre factory in the Suez Canal Economic Zone with an investment worth of 1 billion euros, according to a cabinet statement.
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Egypt Grants Golden License for Electric Vehicles & Gas Expansion Projects
This expansion will span about 33 acres within the Renaissance Industrial Zone in Al-Amiriya, Alexandria Governorate.
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Dice Sports and Casual Wear receives preliminary offer for 90% stake acquisition
A consortium led by Toma for Commercial and Industrial Investments, along with Maged Toma, is interested in acquiring 90% of Dice Sports and Casual Wear, worth over LE 1.1 billion.
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Used Car Market Skyrockets in Egypt Amidst Growing Prices of New Ones
Due to the alarmingly high prices of new cars in Egypt, the used car market is experiencing a rapid boom. A combination of economic challenges has led to this change.
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Beni Suef power station to be sold to foreign investor
According to informed sources, the final buyer of the station will have to pay off the loans of international creditors, which amount to nearly $2.25b
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PACHIN to delist shares from Egyptian Exchange after acquisition by UAE
Egypt-based Paint and Chemicals Industries (PACHIN) company will voluntarily delist its shares from the Egyptian Exchange after being acquired by UAE.
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Egypt to relaunch zero-customs car import initiative for expats
The Egyptian Cabinet issued a draft law to relaunch the zero-customs car import initiative for expats for three months.
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El Mohandes Jotun inaugurates state-of-the-art factory at Zona Franca industrial zone
With an investment surpassing $100 million, the new factory is built over an expansive area of 94,000 square meters.
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Egypt licenses 7,200 industrial projects in 2022
The Egyptian Ministry of Trade and Industry issued 7,200 licences for industrial projects in 2022, Trade Minister Ahmed Samir stated on Wednesday.
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Egypt constructing new mega electrical industries complex in Alexandria
The new complex, which will be producing parts for bus manufacturing in Egypt, is expected to create 600 new jobs, added Samir.