Industry News
-
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.
-
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.
-
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.
-
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.
-
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.
-
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
-
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.
-
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%.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Supply of excavators
Cairo: Supply of 15 excavator hopper dredgers. Also, rehabilitation and renovation of 9 river/inland barges under two contracts
-
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.
-
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.
-
Sumitomo Electric Egypt to €22M open wiring harness manufacturing plant
Minister El-Khatib confirmed the plant’s grand opening is scheduled for the first quarter of 2025.
-
Egypt signs MoU with Elsewedy Electric for $500M Subsea Cable Factory at Damietta Port
Egypt and Elsewedy Electric sign a $500 million MoU to establish a subsea cable factory, enhancing the country's industrial capabilities.
-
Japanese Sumitomo Electric €22 mln plant in Egypt to start operation in November
Japanese Sumitomo Electric Egypt will commence operating its plant for manufacturing electrical wiring harnesses for cars and vehicles, valued at 22m.
-
Egypt signs MoU with DP World to explore development of 500-acre public free zone
This initiative aims to target key industries such as electronics, automotive, apparel, and footwear.