Industry News
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Auto sales in Egypt record 4.2k vehicles sold in March 2024
Only 4.2k vehicles were sold, marking a decrease of 43 percent compared to the previous month.
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Egypt, France sign MoU on roadmap for locomotive industry localization
The Egyptian Cabinet approved in principle in July an investment plan by the French company Alstom to establish two factories in Alexandria.
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Egypt to increase value of industrial investments by 10% during 2024
The goal is to reach a minimum of $3.6 billion, surpassing the $3.3 billion recorded in 2023.
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SCZone Lays Foundation Stone for a Chinese Steel Pipe Factory with Investments of $146 Mln
The construction of the factory, which will provide 714 direct job opportunities, is scheduled to be completed during the first quarter of 2025.
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High-level visit to Egypt’s industrial zones highlights UNIDO-Swiss-Egyptian initiative for sustainable industry
A high-level visit to the Suez Canal Economic Zone (SCZONE) on Monday marks a major step forward towards promoting sustainable industry in Egypt.
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Egypt Aluminum’s profits hike 33% YoY in 9 months
Net profit after tax reached EGP 5.227 billion in the nine-month period ended March 31st, 2024, compared to EGP 3.916 billion in the same period.
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Indonesia expresses interest in collaborating with SCZONE in ports, electric cars, and green fuel
This zone encompasses four industrial zones and six maritime ports along the Mediterranean and Red Seas.
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Egypt to suspend load-shedding during Coptic Holidays
The state’s goal is to ultimately eliminate load shedding, the current electricity grid is capable of meeting Egypt’s electricity.
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China proposes to build a major textile manufacturing city in Egypt worth $300 mln
The delegation included presidents and representatives of 20 largest Chinese companies and alliances operating in various fields of the industry.
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Egypt's Engineering exports record unprecedented high levels
The figures showed that the after Egyptian engineering exports recorded levels that are the highest in the history of Egyptian engineering exports.
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Prices of 18 car brands in Egypt drop by up to 23% since currency floatation
This comes after two years of consecutive price increases due to a suspension of imports and a decrease in supply due to foreign currency shortage.
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Waja Company to set-up e-car factory in Egypt
Saudi Arabia’s Waja Company in JV to build manufacturing plant, leading new energy transition.
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4 Local Egyptian Sportswear Brands to Wear
The Egyptian fashion industry has witnessed a renaissance, where a wave of homegrown talent and creativity produced a wide array of brands.
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Austria, Czechia to establish $160 mln sodium cyanide production plant in Egypt
The plant would meet the needs of the local market and export 80 percent of its production to markets in the Mediterranean Basin and MENA.
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Chinese textile alliance explores $300m integrated textile city in Egypt
These companies expressed their desire to invest in Egypt, recognizing it as a crucial market in the Middle East and Africa.
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Egypt to increase industrial output by 20%: Trade Minister
This ambitious strategy is expected to create 7 to 8 million job opportunities during the specified period.
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SCZONE, china’s WU'AN XIN FENG to establish $297M Iron Factory
The Chairman of SCZONE, Walid Gamal El-Din, also revealed that the overall investments between China and SCZONE have exceeded $2 billion.
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Saudi firm WAJA Co. forms joint venture to produce EVs in Egypt
In October 2023, Egypt was ranked 28th in a global e-mobility index, which reveals the country’s readiness to transition to EVs.
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Egypt’s Electricity Outages Could Save USD 1 Billion Yearly
The government is working on solving the power crisis and that the saved resources are used for essential needs, such as food and medicine.
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UAE-based Freezoner, IFZA team up to showcase investment opportunities in Egypt, UAE, Saudi Arabia
Scheduled for 30 April, in Cairo, the event aims to delve into investment prospects and feasibility of establishing companies in Egypt, UAE and KSA.