Industry News
-
Egypt's Sidpec to acquire Ethydco after Abu Dhabi Fund bid
Egyptian state-owned Sidi Keril Petrochemicals (Sidpec) said its board of directors had approved the takeover of another state-owned company.
-
Egypt’s GETZ receives 3 offers to build $1.6bln phosphate fertilizer factories
GTEZ) has received three offers worth $1.6 billion to build phosphate fertilizers and phosphoric acid factories at the zone in Safaga
-
SCZone Signs Contract for Chinese Garment Factory with Investments worth $28.5 Mln
SCZone announced Tuesday the signing of a contract for the construction of a garment factory for the chinese Shanghai Shengda Company.
-
Egypt targets to raise size of industrial production to LE4.3T in FY2023/24
Egypt targets to raise the size of industrial production by 19 percent from LE3.6 trillion in FY2022/23 to LE4.3 trillion in FY2023/24.
-
Belarus, Egypt discuss cooperation in manufacturing sector
On behalf of Belarus, the meeting was attended by Deputy Industry Minister Dmitry Kharitonchik, on behalf of Egypt.
-
Egypt Kuwait Holding opens new factories in Egypt with $46m of investments
Egypt Kuwait Holding Company (EKH) said it opened and developed factories in Egypt at an investment cost of EGP 1.4bn ($46m).
-
A new specialized manufacturing zone in East Port Said designed to develop Egypt’s automotive industry
The East Port Said Automotive Zone (EPAZ) is one such hub that is designed to attract global automobile manufacturers.
-
French manufacturer Alstom announces EUR 300M to be invested in Egypt over the next 3 years
The two factories are said to produce electric and signaling systems and manufacturing parts for metro, highway rails, monorails, and railways.
-
Egypt Imposes “Export Fee” on Zinc Scrap
Zinc ore is of great industrial importance as an important element in supporting clean energy technologies such as solar energy and wind energy.
-
Indus Motor Company Signs Agreement with Toyota Egypt
In line with this development, Toyota IMC recently dispatched its first shipment to Toyota Egypt in July.
-
Ministry of trade & industry launches 80 investment opportunities to boost national industry
The objective is to increase value-addition, reduce the trade balance deficit, and create job opportunities.
-
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.
-
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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).
-
Egypt announces $9bn of petrochemical projects
Egyptian Ministry of Petroleum and Mineral Resources announced major deals in developing sector.