Industry News
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Egypt's Garment Export Council announces 18% increase in exports
With regard to the export markets of the sector, the United States of America ranks first with 871 million dollars, accounting for 43 percent.
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Supply of excavators
Cairo: Supply of 15 excavator hopper dredgers. Also, rehabilitation and renovation of 9 river/inland barges under two contracts
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Egypt signs 2nd phase of Egyptian Cotton Project with UNIDO
Egyptian Ministries of Agriculture and Industry have signed a document for the second phase of the Egyptian Cotton Project with UNIDO.
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Manufacturing and extractive industries index slips in August
The index, excluding crude oil and petroleum products, registered at 111.44, a slight decrease of 0.01 percent from July's final figure of 111.45.
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Sumitomo Electric Egypt to €22M open wiring harness manufacturing plant
Minister El-Khatib confirmed the plant’s grand opening is scheduled for the first quarter of 2025.
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Egypt signs MoU with Elsewedy Electric for $500M Subsea Cable Factory at Damietta Port
Egypt and Elsewedy Electric sign a $500 million MoU to establish a subsea cable factory, enhancing the country's industrial capabilities.
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Japanese Sumitomo Electric €22 mln plant in Egypt to start operation in November
Japanese Sumitomo Electric Egypt will commence operating its plant for manufacturing electrical wiring harnesses for cars and vehicles, valued at 22m.
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Egypt signs MoU with DP World to explore development of 500-acre public free zone
This initiative aims to target key industries such as electronics, automotive, apparel, and footwear.
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SCZone partners with pearl group for new polyurethane factory in Ain Sokhna
Covering 5,000 square meters, this new project represents an initial investment of EGP 100 million and is expected to create around 45 jobs.
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BRICS agreements to have major impact on car prices in Egypt
Saad further expected that the "BRICS" agreement to have a major impact on car prices, advising people to postpone their decision to buy a new car.
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Egyptian Alkan, Chinese BAIC ink deal to establish EVs plant in Egypt
he factory will be constructed on a site spanning 120,000 square metres, with production slated to commence by the end of 2025.
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LG is setting up a USD 150 mn refrigerator line
The new production line is in the preparation phase, LG Egypt Managing Director Billy Kim told Al Borsa, without disclosing its completion date.
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Tender for Automotives
Cairo: Supply of 5 mobile clinics
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Egypt wants to localize the manufacture of 12 products
The products include electric motors, generators, valves, pumps, water filtration devices, electric tools, solar cells, electrical control panels..etc
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Egypt seeks to curb 2025 car imports
This would cap monthly imports at 8,000 cars, a significant reduction from the 90,000 cars imported last year.
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Egyptian-Japanese Business Council, UNDP strengthen cooperation for development
The discussion focused on the localization of automotive production in Egypt and the challenges faced by the sector.
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Egypt’s EV ambitions: Opportunities, challenges on the road ahead
As the world pivots toward greener transportation, Egypt has been eyeing becoming a key player in the global electric vehicle (EV) market.
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Turkish brand Jeans attracts admiration worldwide with ‘Made in Egypt’ label
Turkish Ambassador to Cairo Salih Mutlu Şen visited the Akay ready-made garments factory in Port Said, which produces one of the leading brands.
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Egypt Aims to Secure Affordable Electric Cars
Egypt is poised for the production of key components such as motors and batteries, and eventually for full-scale vehicle production.
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Supply of Buses
Giza: Supply of 2 buses/51passenger