Industry News
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Sudan and Egypt Accelerate Mega Electricity Interconnection Project
Sudan and Egypt are joining forces to boost the electricity interconnection project in Port Sudan.
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Enormous new Turkish investments enter Egypt’s ready-made garment sector
10 Turkish investors in the spinning, weaving and clothing sector opted to enter the Egyptian market due to its strong capabilities.
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Delta Company and thyssenkrupp Uhde Collaborate to Restart Ammonia Plant in Egypt
Renowned for its effectiveness, the uhde® ammonia technology has already demonstrated success in over 120 plants globally.
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Top 10 engineering firms in Egypt
Egypt's engineering sector is witnessing dynamic growth driven by strategic investments, technological innovation, and international collaborations.
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Mashrouak national project to lend youth hits record EGP 200 mln in January
Egypt's national project to provide employment opportunities for youth, Mashrouak, achieved its highest lending rate since its launch in 2015.
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Egyptian Cabinet sets fixed cotton prices for the 2024/2025 season
Under the new pricing scheme, a medium-staple quintal of cotton in Upper Egypt will be set at LE 10,000.
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Egypt plans for $100B in annual exports with new industrial strategy
Samir announced in an interview with Asharq Bloomberg that the strategy will be finalized by the end of February.
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Egypt Kuwait Holding to open wood factory with $120M investments
Al Kharafi announced that his company will open a MDF wood manufacturing factory with investments amounting to $120 million.
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Egyptian ready-made clothing exports reach $2.4B in 2023
The president of RMGEC mentioned that the Council's delegation consisted of 16 companies, all of which actively engaged in the event.
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Egypt plans car manufacturing factory in collaboration with Indian company
The facility will be established in collaboration with Egypt’s state-owned El-Nasr Automotive Manufacturing Co.
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Egypt's Richest Man, Nassef Sawiris, to Transform OCI into a Cash-Shell Entity for New Acquisitions
Nassef Sawiris, Egypt's richest man, is planning a significant overhaul of his chemical conglomerate, OCI.
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Turkey plans to establish industrial zone in Egypt: Trade Minister
The proposed industrial zone in Egypt aims to replicate the success of the existing industrial zone in Bursa.
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4 new commodities to be introduced on Egypt's Commodities Exchange in 2024
Four new commodities will be introduced on the Egyptian commodities exchange (EGYCOMEX) during 2024, with petrochemical products leading the list.
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Egypt adopted 144 reforms to support the private sector since May 2022: PM
Madbouly said more than 1,000 private sector companies that take part in national programs which will help improve the Egyptian economy on all levels.
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Nine EV charging stations to be installed in New Cairo
The project has been entrusted to Taqa Volt, whose mission will be to “develop, manage and operate” the nine new facilities.
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Egypt to invest $94mln in metal industries
Egypt has approved plans to invest nearly 2.9 billion Egyptian pounds ($94 million) in new metal industrial projects during fiscal 2023-2024.
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Madbouly discuss with Samsung Electronics means to pump more investments in Egypt
Prime Minister Mostafa Madbouly said that he is looking forward to more investments of Samsung Electronics company in Egypt in the coming period.
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Automotive industry sales increased by 32% in December 2023: AMIC
The report highlighted that sales of various types of vehicles, including private cars, buses, and trucks reached a total of 10,415 vehicles.
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Finance Ministry receives US$850 million from Egyptian expat car initiative: Minister
“We are trying to overcome any obstacles or challenges facing Egyptians abroad participating in this initiative,” the minister concluded.
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Joint project between Egypt and Italy for electrical connection with massive investments
Egypt can play a crucial role in supplying European markets with renewable electricity, contributing to environmental improvement.