Industry News
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Qatar commits $1.5 billion investment in Egypt’s industrial sector
Al-Wathiq Billah's highlighted a 47% increase in trade volume between the two countries in 2022, although specific figures were not disclosed.
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Almost 32.5K companies founded in Egypt in FY2022/23
As a result, 1,555 companies injected more financing into expansion in the past fiscal year. Also, the flow of foreign investment exceeded $10 billion
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Egypt aims to boost petrochemical, fertilizer exports to Africa by 10% in 2024
Egypt plans to increase its exports of petrochemicals and fertilizers to African nations by 10 percent in 2024.
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Egypt, Volkswagen sign agreement to study building automotive zone in Port Said
Egyptian state entities signed an agreement with German automobile manufacturer Volkswagen to conduct a feasibility study for East PortSaid Zone.
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High interest rates impact car purchases in Egypt: Dr Greiche CEO
Greiche urged to encourage distribution after seeing the market to support suppliers for long-term success.
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How can we keep the Egyptian furniture industry flourishing?
Furniture manufacturing in Egypt is facing compounding issues that are challenging the centuries-old industry.
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Egypt signs four agreements for local car assembly
Egyptian government and auto manufacturing entities signed framework agreements with three local companies to cooperate in domestic car assembly.
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Mercedes-Benz officially launches its fully electric vehicle range in Egypt
The new all electric lineup entails six exceptional models with eight captivating variants, including the EQS, EQE, EQS SUV, EQE SUV, EQB, and EQA.
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Government support crucial for global reach in automotive industry: AAAM Vice President
African Automotive Forum kicked off earlier on Saturday at the third edition of the Intra-African Trade Fair, IATF2023.
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All you need to know about Egypt’s first electric car
A member of the Chamber of Commerce’s Car Import Division al-Abdul Salam Nusair explained that production of first electric car by Al-Nasr Automotive.
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Egypt: Elsewedy Electric’s consolidated profits hike 161% YoY in 9 months
The company also generated consolidated revenues of EGP 108.804 billion from January through September this year.
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TransIt, Bosch sign MoU on smart container control systems at Egyptian seaports
TransIt, a company owned by the Ministry of Transport, has signed a MoU with Bosch to investigate the integration of smart container control and monitoring systems at Egyptian seaports.
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Egypt to sign 4 agreements for auto manufacturing
Egypt's Supreme Council for Vehicle Manufacturing is set to sign four partnership agreements with various companies.
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Transportation Minister: No going back from localizing industries in Egypt
Egypt's Transportation Minister affirms the irreversible decision to localize industry, including transportation. The Suez Canal Economic Zone set to house the first factory for railway industries.
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Orascom Construction seals two deals for Cairo Metro Line 4, high-speed train
Orascom Construction signed two contracts with the National Authority for Tunnels (NAT) to contribute to two major transportation projects in Egypt.
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100,000 Egyptian expats register for zero-customs car import initiative: Maait
Egyptians living abroad or their families can conveniently apply for the zero-customs initiative through Android and IOS platforms.
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SCZONE, China agree on 11 projects with $15.6B investments
China agrees to invest $15.6B in 11 projects with the Suez Canal Economic Zone (SCZONE), as a result of a promotional tour led by the SCZONE Chairman.
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Schneider Electric expands investments in Egypt with €8 mln in 2023
French energy technology company Schneider Electric announced it will increase its investments in Egypt by €8 million throughout 2023.
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Egypt to enhance export rates in 7 industrial sectors
These sectors include computer manufacturing, electronic and optical products, and metal industries.
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Oriental Weavers unveiled its spectacular 2024 collection at exclusive Pre-Look Event
Based in Cairo, the Group has manufacturing facilities in the United States and Egypt and distributes its products in more than 130 countries.