Industry News
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China to establish new industrial complex in Egypt worth US$1.6 billion
The Chinese ambassador added that the total investment is expected to reach $10 billion with a final production capacity of 10 million tons per year.
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Sinopec Shanghai Petrochemical to Boost Operations with $2.91B Investments
As part of the project, the company will shut down 18 existing oil refining units and install new ones.
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European glass fibre producers target Egypt-based Chinese makers in trade complaint
They lodged an anti-dumping complaint against Chinese manufacturers operating out of Egypt alleging that they benefit from unfair subsidies.
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$5.768B Egypt's engineering, electronic product exports in 2024
The initiative is expected to enhance trade efficiency, lower logistical costs, and save Egypt an estimated $284 million annually.
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Asia Potash announces phosphate fertilizer complex plan in Egypt
The complex will have a total production capacity of 10 mn tons of phosphate once fully operational.
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ITIDA Partners with Konecta to Launch Regional Headquarters
As part of the agreement, Konecta plans to invest approximately $100 million in Egypt over the next three years.
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Electricity min. travels to Abu Dhabi to partake in 15th IRNEA assembly, ADSW
The IRENA Assembly will kick off the Abu Dhabi Sustainability Week (ADSW), which is due to take place between January 12-18.
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China’s Asia-Potash to develop industrial complex in Egypt
Under the first phase, the company aims to extract 2mln tons of phosphate annually and convert them into phosphate fertilizers.
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BSH company establishes 1st African factory in 10th of Ramadan City
During the meeting, El-Khatib highlighted the progress of the company’s initiative to produce stoves under the Golden License system.
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Egypt's textile industry upgrade may impact global market's cotton supplies
Egypt apparently has a plan to buck such a raw material export trend, and cotton is coming at the centre of such an endeavour.
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Egypt's Non-Oil Private Sector Contracts To 8-Month Low In December Amid Cost Escalation
The decline was aided by subdued client demand and mounting inflationary pressures, exacerbated by a depreciation in the Egyptian pound.
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Turkish textile industry shifts focus to Egypt
“In textiles, almost everyone is heading to Egypt, examining opportunities, and making investment decisions.
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Egyptian automotive market records 11.6% increase during 1st months of 2024
Despite fluctuations in imports, the growth in domestic sales highlights the resilience of Egypt’s automotive market amid economic challenges.
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Egypt’s Cabinet outlines $591mln initiative to foster industrial sector
The plan targets developing new factories and expanding existing ones, where the investor will bear only 15% of the interest rate.
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Egypt transforms leather industry with innovative development plan
Robbiki Leather City, a national leather industry development project, sprawling across 500 feddans, is being executed in three phases.
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Phase-I of project to revive Egypt's textile industry over
The second phase is scheduled to be completed by mid-2025, with the entire project anticipated to conclude by early 2026, the prime minister said.
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Auto factory to be established in New October with investments of $135m
The land contract was signed by Sayed Metwally, Chairman of the Public Authority for Land and Dry Ports, and Arora.
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Egypt partners with China to build $135 mln car plant
Egypt’s Mansour Automotive Group and Chinese SAIC Motor have signed a $135 million agreement to establish a car manufacturing plant in New October.
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PM announces completing upgrade of spinning, weaving factories’ complexes
Prime Minister Mostafa Madbouly has announced the completion of the first phase for developing complexes of spinning and weaving factories.
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Manufacturing, extractive industries index rises by 5.24% during October 2024
Driven by market demand, the tobacco products manufacturing index surged to 159.36 in October 2024, compared to 147.63 in the previous month.