Industry News
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Egypt textile circularity programme concludes
The SwitchMed III initiative was funded by the European Union (EU) and implemented by the United Nations Industrial Development Organization (UNIDO).
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Samsung starts first factory in Middle East, Africa to boost Egypt's manufacturing sector
Jung detailed that the factory's current production capacity stands at 6 million units annually, encompassing televisions, mobile phones, and tablets.
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SCZone Aims to Attract 1,000 Chinese Companies by 2030, Says Chairman
This came during his meeting Friday, with a delegation from the Chinese city of Tianjin, inside the industrial developer TEDA.
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PM: Economic reforms based on several sectors topped by industry
This came during the premier’s tour of a number of industrial and technological projects in the Upper Egypt governorate of Beni Suef.
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Egypt’s cabinet to set up a unit dedicated to state-owned companies
The unit will work to implement the state ownership policy with clear timelines and targets.
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Military Production Minister stresses interest in enhancing cooperation with Chinese companies
Mostafa’s remarks came while receiving representatives from China’s Famsun Group Company in the ministry’s headquarters in the NAC.
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Concrete Fashion Group records $12.8m of profits in FY 2023
Looking ahead, Concrete Fashion Group plans to continue expanding domestically and boost online sales.
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Egypt saves $ 2B in cotton imports
Egypt has made significant progress in cultivating short staple cotton, especially after successfully localizing it in the Eastern Owaynat region.
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Private sector’s share in Egypt’s total investment reaches 40 percent
In addition, the private sector increased its contribution to the gross domestic product (GDP) to 71 percent this year.
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Egypt's industrial sector grows by 3.8% in FY 2022/2023: Trade Minister
Minister of Trade and Industry, Ahmed Samir said that the country's merchandise exports reached approximately $36 billion in 2023.
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Egypt Limits Power Cuts to Evenings amid Second Semester Exams
The new update will be implemented starting Wednesday until July 20, in coordination with the Ministry of Petroleum.
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Alstom: Building Plants in Egypt for Rolling Stock Production
Alstom plant in France is currently assembling trains for the Cairo metro, and the company is also preparing for the launch of the East Nile monorail.
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Elsewedy Electric, Bühler Group, and IBC Group sign agreement to advance grain silos industry in Egypt
This strategic alliance aims to promote the localization of grain silo manufacturing in Egypt, thereby enhancing food security.
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China's home appliance giant Haier inaugurates industrial park in Egypt
Haier Smart Home Co., Ltd., a subsidiary of the Haier Group, invests 135 million U.S. dollars to build the Haier Egypt Ecological Park.
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Madbouly Witnesses Inking Of Land Deals To Implement 2 Electricity Projects In Sohag
Investments in this field to contribute to reducing the use of fossil fuel and carbon emissions and achieving the sustainable development goals.
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$2bln total value of payment orders of beneficiaries of cars for Egyptian abroad initiative
In a statement on Saturday, Gendy said the initiative was launched in response to requests of the Egyptian expatriates to bring cars from abroad.
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Auto sales in Egypt record 4.2k vehicles sold in March 2024
Only 4.2k vehicles were sold, marking a decrease of 43 percent compared to the previous month.
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Egypt, France sign MoU on roadmap for locomotive industry localization
The Egyptian Cabinet approved in principle in July an investment plan by the French company Alstom to establish two factories in Alexandria.
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Egypt to increase value of industrial investments by 10% during 2024
The goal is to reach a minimum of $3.6 billion, surpassing the $3.3 billion recorded in 2023.
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SCZone Lays Foundation Stone for a Chinese Steel Pipe Factory with Investments of $146 Mln
The construction of the factory, which will provide 714 direct job opportunities, is scheduled to be completed during the first quarter of 2025.