Industry News
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Morocco Plans To Export 13,000 Cars To Egypt
Several major car manufacturers operate in Morocco, including Renault and Stellantis (Peugeot, Citroën, Opel).
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Chevron Joins Pivot to Egypt’s Mediterranean Shelf After Red Sea Exit
Chevron exits Red Sea blocks, redirecting investments to Egypt's Mediterranean gas fields to capitalize on LNG export potential.
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Egypt seeks to resume Iraqi oil imports in Q3
Egypt plans to restart 12M barrels/year of Basra crude imports from Iraq after an 18-month halt due to payment issues.
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Shell Explores BP Acquisition, reports strong Q1 results
Shell eyes BP in a potential mega-acquisition while reporting a 28% drop in Q1 profits to $5.58B — still beating expectations.
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Value Developments launches 50,000 sqm Value Medical City in East Cairo
A 50,000 sqm medical hub is coming to East Cairo by 2028, offering integrated healthcare services and infrastructure.
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Fine Hygienic Holding’s Egypt subsidiary awarded EcoVadis commitment badge for sustainability excellence
Fine Hygienic Holding’s Egypt unit awarded EcoVadis badge for sustainability excellence across its operations.
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Egypt, Japan Partner to Build EGP 1.4 Bln Blood Bag Factory in SCZone
Egypt and Japan launch a joint EGP 1.4B blood bag plant in SCZone to localize healthcare supply and expand exports.
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Egypt greenlights new oil exploration deals with Russia’s Lukoil
Egypt approves two oil exploration agreements with Russia’s Lukoil in the Eastern Desert’s Wadi El-Sahl region.
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Egypt is building smart cities for a digital future
Egypt scales up digital infrastructure and smart city tech, boosting demand across education, real estate, and entertainment sectors.
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Egypt Selected as Headquarters for African Space Agency
Egypt inaugurates the African Space Agency HQ, boosting its leadership in the continent’s space and tech sectors.
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China’s J-10C “Losing” To FA-50 Fighters For Egypt Deal?
Egypt nears a deal for 100 FA-50 aircraft with tech transfer and local assembly, boosting defense manufacturing.
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Egypt Launches First Domestically-Built Tugs for Suez Canal
Egypt introduces two home-built tugboats for the Suez Canal, boosting shipbuilding capabilities and maritime logistics.
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PM underlines importance of forging ahead with efforts to develop Egypt’s textile industry
The goal is to maximize the country’s inherent potential in textile production, thereby boosting the national economy.
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Egypt & China sign Red Sea Petrochemicals design contracts
Egypt signed contracts with a joint Egyptian-Chinese venture for phase one design of the Red Sea Petrochemicals Complex in Ain Sokhna.
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AngloGold Ashanti Expands Investment in Egypt with New Gold Exploration Deal
AngloGold expands operations with a new Eastern Desert gold exploration agreement, signaling growing investor interest in Egypt’s mining sector.
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Egypt Signs EGP 15 Billion Agreement to Build Alexandria Metro Trains
Egypt and NERIC partner on a 15 billion EGP project to locally build Alexandria Metro trains, bolstering infrastructure and manufacturing.
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Prime Minister and Minister of Industry inspect Egyptian Swiss Group's food manufacturing complex
Egyptian Swiss Group eyes $10M expansion in 10th of Ramadan City to boost exports and food production capacity.
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U.S. and Egypt Sign $235 Million Contracts to Modernize railway infrastructure
The U.S. and Egypt ink $235M railway deals to upgrade infrastructure, enhance efficiency, and deepen bilateral economic cooperation.
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Egypt plans to establish two integrated textile cities
Egypt will build two textile hubs, attract $3.5B in investment, create 400K jobs, and boost Upper Egypt’s industrial landscape.
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Steel And Cement Prices Drop In Egypt Amid Market Changes
Ezz Steel cuts rebar prices, lowering construction costs and offering a potential boost to Egypt’s real estate and development sectors.