Industry News
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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.
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Egypt’s textile, garment exports to surge to $1.4bn by 2025
Salam said that the council aims to raise the sector’s exports to $1.23bn by the end of 2024, a growth of 10%.
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El-Nasr manufactures its 1st electric bus
This cooperation comes within the framework of environmental protection, and the plan to develop new clean energy buses.
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Egypt seeks revitalising auto industry
PM Madbouli spoke at a ceremony to return of production lines at the state-owned El-Nasr Automotive Manufacturing Company (NASR) after 15-years.
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Egypt Aluminium achieves 45% of previous year’s net profit in only Q1
The basic earnings per share (EPS) increased to EGP 3.39 billion in Q1 FY2025 from EGP 1.30 in the year-ago period.
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Egypt, PADMA to launch €70M furniture manufacturing hub
Expressing gratitude for Egypt’s supportive environment, Krupa announced that construction on the 400,000-square-meter site has already begun.
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Egypt's Garment Export Council announces 18% increase in exports
With regard to the export markets of the sector, the United States of America ranks first with 871 million dollars, accounting for 43 percent.
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Supply of excavators
Cairo: Supply of 15 excavator hopper dredgers. Also, rehabilitation and renovation of 9 river/inland barges under two contracts
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Egypt signs 2nd phase of Egyptian Cotton Project with UNIDO
Egyptian Ministries of Agriculture and Industry have signed a document for the second phase of the Egyptian Cotton Project with UNIDO.
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Manufacturing and extractive industries index slips in August
The index, excluding crude oil and petroleum products, registered at 111.44, a slight decrease of 0.01 percent from July's final figure of 111.45.
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Sumitomo Electric Egypt to €22M open wiring harness manufacturing plant
Minister El-Khatib confirmed the plant’s grand opening is scheduled for the first quarter of 2025.
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Japanese Sumitomo Electric €22 mln plant in Egypt to start operation in November
Japanese Sumitomo Electric Egypt will commence operating its plant for manufacturing electrical wiring harnesses for cars and vehicles, valued at 22m.
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Egypt signs MoU with DP World to explore development of 500-acre public free zone
This initiative aims to target key industries such as electronics, automotive, apparel, and footwear.
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SCZone partners with pearl group for new polyurethane factory in Ain Sokhna
Covering 5,000 square meters, this new project represents an initial investment of EGP 100 million and is expected to create around 45 jobs.
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BRICS agreements to have major impact on car prices in Egypt
Saad further expected that the "BRICS" agreement to have a major impact on car prices, advising people to postpone their decision to buy a new car.
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Egyptian Alkan, Chinese BAIC ink deal to establish EVs plant in Egypt
he factory will be constructed on a site spanning 120,000 square metres, with production slated to commence by the end of 2025.
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LG is setting up a USD 150 mn refrigerator line
The new production line is in the preparation phase, LG Egypt Managing Director Billy Kim told Al Borsa, without disclosing its completion date.