Industry News
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Nissan Egypt to invest $45M to expand local production, increase exports
The new model will feature a local component ratio exceeding 54%, supporting the company’s goal to enhance domestic production.
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Egypt records increase in exports of chemical and fertiliser products in 2024
Exports of petrochemical products also showed growth, increasing by 71 per cent to US$1 billion, while exports of glass products increased by 22 %.
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Arab Ministerial Council for Electricity selects Egypt as current term president
This selection underscores Egypt's pivotal role in supporting Arab cooperation within the framework of the Arab League.
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Business sector explores collaboration with Turkish Fertilizer Company IGSAS
Minister of Public Business Sector, Mohamed Shimi, recently met with a delegation from IGSAS, a leading Turkish fertilizer producer.
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Egypt plans local production line for modern combat aircraft
AOI is working hand in hand with Egypt’s armed forces and international partners to design and produce a domestically-manufactured advanced aircraft.
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Egypt partners with Swiss & Emirati firms to build EGP 1 bln plant for infrastructure piping
Swiss-based GF Piping Systems, Egypt's Gas Company, and the UAE's Green Coast Enterprises inaugurated a plant in Cairo on Thursday.
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Egypt expands in chemicals and fertilizers in 2025
Egypt is gearing up to strengthen its global presence in the chemical and fertilizer industries with a series of trade missions planned for 2025.
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Al Mansour Automotive and China’s SAIC to build MG assembly plant
Al Mansour secured the rights to be MG’s exclusive distributor back in 2018.
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Jade Textile eyes three new factories for USD 180 mn.
The expansion includes a USD 65 mn smart green factory in Tenth of Ramadan to kick off operations in December 2025, a USD 35 mn in Borg el Arab.
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Egypt reinforces automotive industry localization with $50M Coficab investment
El-Khatib reaffirmed Egypt’s commitment to advancing the automotive industry and its supporting sectors as key pillars of the national economy.
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Gov’t seeks to turn Egypt into regional, industrial hub
The ministry developed a different strategy for turning Egypt into a regional, industrial hub in cooperation with the World Bank, said Wazir.
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President El-Sisi meets int’l industry leaders to discuss investment, industrial development
El-Sisi outlined the steps Egypt has taken to improve the investment climate, remove obstacles for investors, and develop the business environment.
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Egypt aims to raise industrial sector contribution to GDP to 30%
This event will be held from 25 to 27 November. The first edition of this conference and exhibition took place in 2022.
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Egyptian auto market startup Sylndr secures EGP 370 mn
EFG Corp-Solutions acted as one of the lenders of the transaction, alongside EFG Holding’s commercial bank Bank NXT, EG Bank, and others.
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SCZone lays foundation for $51 mln Turkish Eroğlu project in Egypt
Suez Canal Economic Zone (SCZone) has laid the foundation for the Eroğlu Egypt for Ready-Made Garments project, valued at $51 million.
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SCZone, Orascom sign EGP 12.87 bln land use agreement for industrial expansion
This expansion is the latest phase of Orascom’s successful investments in the Sokhna Industrial Zone, which spans 10 km².
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Textile Exports Set to Reach USD 1.4 Billion by 2025
The projected sales shows an up-mark from USD 1.2 billion in 2023.
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Egypt launches production line of Chinese-made Exeed cars
Egypt launched the production line of the Chinese-made Exeed cars on Sunday at the Egyptian-German Automotive's (EGA) factory in the Sixth of October.
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NASR, Al Safy Group sign EGP 500 mln deal to manufacture cars locally
This partnership will contribute to the country’s long-term economic growth and industrial development by meeting domestic market demand and expanding
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Huawei unveils its flagship Power-M Solution at Cairo ICT 2024
Huawei proudly unveiled its flagship Power-M Digital Power Solution, which sets a new benchmark in energy innovation, on the sidelines of Cairo ICT.