Industry News
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Egypt plans to reduce electricity network loss to 16.83% in FY23/24
The network loss is expected to reach 18.21% for the fiscal year 2022/2023, while the actual loss rate of the FY 2021/2022 was 22.188 percent.
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Sidi Kerir Petrochemicals aims to complete acquisition of Ethydco this quarter
The US dollar exchange rate was calculated at EGP 30.9, so that the fair value of Ethydco in December was about EGP 33.54bn.
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Turkish firms eyeing opportunities in Egypt
Turkish companies are exploring investment opportunities in Egypt as the two countries are taking steps to improve strained relations.
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Egypt’s cabinet approves France’s Alstom proposal to establish industrial complex
The cabinet will then study the requirements and incentives presented by Alstom, a multinational rolling stock manufacturer, to go ahead.
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Egypt built 17 industrial sites across 15 governorates, with 5,046 units in just 9 years
The construction of these industrial complexes has been completed 100%.
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Egypt conducts studies to expand electricity linkage with Libya, Jordan
Studies are underway to raise the output of electricity linkage with Libya from 150 megawatts to 2,000 megawatts.
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How this Egyptian entrepreneur built an eyewear business
Hamdi further expanded his portfolio by introducing the Nile Details brand, selling high-end products such as leather clutches and bags.
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AMIC reveals automotive sales to be on the rise, climbing 43% MoM in May
May 2023’s sales numbers reached 7.3 thousand, according to the latest data from the Automotive Marketing Information Council (AMIC).
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Egypt announces $9bn of petrochemical projects
Egyptian Ministry of Petroleum and Mineral Resources announced major deals in developing sector.
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Egypt ranks first for warplanes in region
Israel came fourth with 601 various warplanes, the United Arab Emirates fifth with 565, Algeria sixth with 547 and Iran seventh with 541.
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Egypt Invests 12 Billion Pounds To Enhance Electricity Distribution Network In Beheira
The Egyptian government has announced a significant investment of 12 billion pounds to bolster the electricity distribution network in Beheira.
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Egypt Plans to Invest EGP 393 Billion in Industry in FY 2023/24
The statement also revealed the projects included in the 2024/23 plan within the framework of the industrial investment stimulus program.
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Egypt's electricity sector registers steady growth, experiences surge in generation, purchases
During this period, generated electricity saw a rise of 1.4 percent, while purchased electricity from energy-producing investment projects surged.
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China completes Egypt's remote sensing satellite MisrSat 2
China Aerospace Science and Technology Corporation (CASC) has completed the assembly and testing of Egypt’s remote sensing satellite MisrSat 2.
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Egypt’s manufacturing and extractive industries index declines to 99.33, CAPMAS
The statistics agency also reported a jump of 8.11 percent in the production of transport equipment to 128.60 in April 2023 from 118.95 in March.
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Indian auto, plastics firms meet with SCZone boss Gamal El Din in Mumbai
Indian energy, industrial, and construction companies last week expressed interest in setting up projects here during meetings with SCZone.
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Egypt's electricity sector registers steady growth, experiences surge in generation, purchases
Generated electricity saw a rise of 1.4 percent, while purchased electricity from energy-producing investment projects surged by 2.7 percent.
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Top Indian manufacturers express interest in investing in Egypt
An SCZONE delegation met with executives from Sterlite Power Transmission, Jindal Steel, Platinum Industries, TCI Sanmar Chemicals and Sonalika.
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Orascom IP signs $120 mln deal with India's Flex Accipto to expand plant in SCZONE
The Egyptian giant Orascom Industrial Parks signed a $120 million deal with the Indian packaging solutions company Flex Accipto to expand its plant.