Top 10 engineering firms in Egypt
© Egypt Business Directory
Egypt's engineering sector has seen significant developments and investments since the start of 2024, indicating a continued commitment to technological advancement and industrial growth. Here are some of the key highlights shaping the landscape of engineering in Egypt:
1. Industrial Investments Surpass $2 Billion
In a move to bolster industrial development and enhance exports, Minister of Industry Ahmed Samir announced the signing of 12 agreements and partnerships in nine integrated industrial projects, totaling over $2 billion in investments during 2023. These projects, spanning sectors such as agriculture, pharmaceuticals, metals, chemicals, and electric cars, are part of a broader industrial partnership initiative involving Egypt, the Emirates, Jordan, and Bahrain.
2. Expansion of Electric Vehicle Infrastructure
Recognizing the growing demand for electric vehicles (EVs), Taqa Volt, a subsidiary of Taqa Arabia, is set to develop and operate nine EV charging stations in the suburbs of New Cairo. With the rise of electromobility, these facilities will cater to the needs of residents, contributing to sustainable urban development and reducing carbon emissions.
3. Increasing Cooperation with Global Technology Leaders
Prime Minister Mostafa Madbouly discussed opportunities for further investment with Samsung Electronics, highlighting the company's significant contributions to the Egyptian market in manufacturing electronic appliances. This collaboration underscores Egypt's commitment to fostering partnerships with global technology leaders to drive innovation and economic growth.
4. Investment in Metal Industries
Egypt has approved plans to invest approximately $94 million in new metal industrial projects during fiscal 2023-2024. These investments, led by the state-owned Metallurgical Industries Holding Company, aim to fund new projects and expand production lines, further strengthening Egypt's position in the global metal manufacturing sector.
5. Collaboration in Energy Sector
Minister of Electricity and Renewable Energy Mohamed Shaker discussed enhancing cooperation with Siemens officials in Germany, emphasizing the importance of leveraging Siemens' expertise in electricity and energy. This partnership reflects Egypt's efforts to advance its energy infrastructure and meet growing demand sustainably.
6. Localization Efforts in Technology Manufacturing
Prime Minister Madbouly convened a high-level meeting to explore the establishment of the National Council for the Localization of Technology for Manufacturing Electronic Chips. Recognizing the importance of electronic chips in various industries, Egypt aims to develop local manufacturing capabilities, stimulate investments, and create a conducive business environment.
7. Foreign Investment in Manufacturing Facilities
Egypt continues to attract foreign investment in manufacturing facilities, with Chinese and Russian companies establishing new factories in the country. Chinese company Vanward commenced the construction of a factory to manufacture household appliances, while Russian EV manufacturer Concordia announced plans to set up an EV components manufacturing factory. These initiatives contribute to job creation and technology transfer, supporting Egypt's industrial growth agenda.
8. Adjustments in Electricity Prices
To reduce power subsidies and address economic challenges, the Egyptian government announced adjustments in electricity prices effective January 1st, 2024. While these adjustments aim to rationalize energy consumption and improve fiscal sustainability, businesses should anticipate potential impacts on industrial production costs.
Overall, Egypt's engineering sector is witnessing dynamic growth driven by strategic investments, technological innovation, and international collaborations. These developments underscore the country's commitment to achieving sustainable industrial development and economic prosperity.
1. Industrial Investments Surpass $2 Billion
In a move to bolster industrial development and enhance exports, Minister of Industry Ahmed Samir announced the signing of 12 agreements and partnerships in nine integrated industrial projects, totaling over $2 billion in investments during 2023. These projects, spanning sectors such as agriculture, pharmaceuticals, metals, chemicals, and electric cars, are part of a broader industrial partnership initiative involving Egypt, the Emirates, Jordan, and Bahrain.
2. Expansion of Electric Vehicle Infrastructure
Recognizing the growing demand for electric vehicles (EVs), Taqa Volt, a subsidiary of Taqa Arabia, is set to develop and operate nine EV charging stations in the suburbs of New Cairo. With the rise of electromobility, these facilities will cater to the needs of residents, contributing to sustainable urban development and reducing carbon emissions.
3. Increasing Cooperation with Global Technology Leaders
Prime Minister Mostafa Madbouly discussed opportunities for further investment with Samsung Electronics, highlighting the company's significant contributions to the Egyptian market in manufacturing electronic appliances. This collaboration underscores Egypt's commitment to fostering partnerships with global technology leaders to drive innovation and economic growth.
4. Investment in Metal Industries
Egypt has approved plans to invest approximately $94 million in new metal industrial projects during fiscal 2023-2024. These investments, led by the state-owned Metallurgical Industries Holding Company, aim to fund new projects and expand production lines, further strengthening Egypt's position in the global metal manufacturing sector.
5. Collaboration in Energy Sector
Minister of Electricity and Renewable Energy Mohamed Shaker discussed enhancing cooperation with Siemens officials in Germany, emphasizing the importance of leveraging Siemens' expertise in electricity and energy. This partnership reflects Egypt's efforts to advance its energy infrastructure and meet growing demand sustainably.
6. Localization Efforts in Technology Manufacturing
Prime Minister Madbouly convened a high-level meeting to explore the establishment of the National Council for the Localization of Technology for Manufacturing Electronic Chips. Recognizing the importance of electronic chips in various industries, Egypt aims to develop local manufacturing capabilities, stimulate investments, and create a conducive business environment.
7. Foreign Investment in Manufacturing Facilities
Egypt continues to attract foreign investment in manufacturing facilities, with Chinese and Russian companies establishing new factories in the country. Chinese company Vanward commenced the construction of a factory to manufacture household appliances, while Russian EV manufacturer Concordia announced plans to set up an EV components manufacturing factory. These initiatives contribute to job creation and technology transfer, supporting Egypt's industrial growth agenda.
8. Adjustments in Electricity Prices
To reduce power subsidies and address economic challenges, the Egyptian government announced adjustments in electricity prices effective January 1st, 2024. While these adjustments aim to rationalize energy consumption and improve fiscal sustainability, businesses should anticipate potential impacts on industrial production costs.
Overall, Egypt's engineering sector is witnessing dynamic growth driven by strategic investments, technological innovation, and international collaborations. These developments underscore the country's commitment to achieving sustainable industrial development and economic prosperity.
| Company | Founded | Company description |
|---|---|---|
| 1938 | ElSewedy Electric is an exporter and producer of power and high voltage cables and its accessories. | |
| 1932 | EGYPTAIR MAINTENANCE & ENGINEERING is a Leading MRO in the Middle East and Africa offering Maintenance, Repair and Overhaul service. | |
| 1938 | We stands as one of the most diversified and leading industrial group in Egypt and throughout the Middle East since 1938 | |
| 1997 | Since its foundation in 1997, ASA has been a pioneer in providing cutting-edge solutions for automation and electrical engineering. | |
| 1971 | The roots of Bavaria go back to 1923, when Bavaria Feuerlöscher-Apparatebau was first established in Germany. | |
| 1979 | Producer of electrical switchboards needed for infrastructure electrical networks and for energy distribution for buildings and factories. | |
| 2008 | XD-EGEMAC high voltage co. , Ltd was established on Jan 25, 2009, and located in Ain Sokhna in the Northwest Economic Development Zone of Suez. | |
| 1810 | Triangle Group stands as a privately held, multi-industry conglomerate with an illustrious history deeply rooted in Egypt’s heritage. | |
| 1982 | EPS is a Joint-Stock Egyptian company established in 1982 specialized in carrying out consulting, engineering services and Software Development. | |
| 1975 | EEC is an ASME certified pressure vessel manufacturer based in the 6th of October industrial zone in Egypt. | |
| 1981 | "Chloride Egypt "established a long history in the manufacture and development of premium grade automotive batteries. |
Disclaimer
This compilation of the companies has been made to the best of our knowledge and belief. We have made every effort to obtain the information from reliable and up-to-date sources and to reproduce it as accurately as possible. Nevertheless, we cannot guarantee the accuracy and completeness of the information. We are grateful for additions and corrections, which you are welcome to send to sales@egypt-business.com. The selection of companies is based on the number of employees, the revenue, and the number of online visitors.
This compilation of the companies has been made to the best of our knowledge and belief. We have made every effort to obtain the information from reliable and up-to-date sources and to reproduce it as accurately as possible. Nevertheless, we cannot guarantee the accuracy and completeness of the information. We are grateful for additions and corrections, which you are welcome to send to sales@egypt-business.com. The selection of companies is based on the number of employees, the revenue, and the number of online visitors.