Industry News
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Egypt’s Leap into the Future of Sustainable Transportation
Electric vehicles are no longer a distant dream for Egypt, as the nation gears up to launch its first electric car, the Nasr e70.
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Project: Automotive spare parts
Cairo: Supply of automotive spare parts under two contracts
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Prices of home appliances expected to rise following a climb in input prices
Factories manufacturing in Egypt are facing a surge in steel prices, with the most recent increase by Ezz Dekheila Steel Company (Ezz Steel).
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Egypt's finance minister confirmed that the country will implement financial policies that support the industrial sector
Egyptian Finance Minister Mohamed Maait mentioned the launch of a national programme for the production of environmentally friendly cars.
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Sphinx Glass Partners with DFI in Egypt under Exclusive Distribution Agreement
Sphinx Glass to introduce DFI glass coating technology in Egypt and the Mediterranean North African region.
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Egypt’s MOIC launches Hafiz platform to support private sector
The platform will offer a range of 75 services, both financial and non-financial, from 20 different development partners to businesses in Egypt.
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ADNOC to acquire Nassef Sawiris’ OCI stake in Fertiglobe for $3.62 bln
The UAE’s ADNOC has reached an agreement to purchase Nassef Sawiris’ European chemical producer OCI's entire stake in Fertiglobe for $3.62 billion.
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Egypt’s SCZONE attracted $1.7 billion in industrial investments in 2023: Official
The Suez Canal Economic Zone (SCZONE) has attracted more than $1.7 billion in industrial investments since the beginning of 2023.
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Egypt allocates EGP 100.7 billion to manufacturing industries sector in FY2023/24
The Egyptian government has allocated EGP 100.7 billion in investments for the country's manufacturing industries sector during the current FY.
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Egypt's Power Cuts to Be Lifted during Presidential Elections
The ministry has full capacity to provide power for the entire country during the presidential elections, coinciding with the decline in consumption.
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MSMEDA bolsters cooperation with Arab, African nations to aid entrepreneurs
Rahmi’s remarks came during his attendance at the summit of African Ministers responsible for emerging enterprises in Algeria.
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EDEX 2023: Egypt’s AOI, France’s Safran Engines sign agreement for aircraft engine maintenance, manufacturing
This agreement marks a significant step forward in Egypt’s localization of advanced manufacturing technologies in the defence industry.
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Schneider Electric and Redcon Properties Forge Sustainable Partnership in Egypt
This landmark agreement signifies a significant stride toward creating a blueprint for smart and sustainable communities within Egypt.
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Egypt's Suez Canal Authority to co-establish boat manufacturing company
Egyptian Prime Minister Mostafa Madbouly approved permitting the Suez Canal Authority (SCA) to co-establish Suez Canal for Modern Boats.
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Egypt’s Mtor nabs $2.8M pre-seed for its online auto parts marketplace
Other investors that participated in the round include Dutch Founders Fund, Aditum Ventures, LoftyInc Capital and other local and global investors.
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Egypt’s PMI for non-oil business rises in November for sixth time in 2023
Egypt’s Purchasing Managers Index (PMI) for the non-oil private sector rose slightly in November to 48.4 points compared to 47.9 points in October.
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China’s Befar wants to build USD 2 bn chemicals production complex in Egypt
The first phase of the project is expected to cost USD 500 mn and will be powered by solar and wind energy.
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What the government is doing to boost Egypt’s marble + granite industry
The broad majority of the marble + granite industry is concentrated in the Shaq El Tebaan in Maadi’s Tora area, east of the Autostrad road.
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Egyptian engineering exports surge 8.5% to $3.5bn in 10M 2023
The EECE’s monthly report highlighted that engineering exports in October 2023 alone achieved a remarkable 22% growth.
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Turkish textile firm to invest USD 500 mn in new Egypt factory
The company will establish the factory through its local subsidiary KCG Textile Egypt.