Industry News
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KIMA Signs Agreement with Al-Sharq Al-Haqiqi for Silico-Manganese Alloy Production
The agreement grants Al-Sharq Al-Haqiqi the rights to operate the furnace, owned by KIMA, which was rehabilitated at a cost of EGP53 million.
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Chinese automaker Geely begins production of 2 models in Egypt
The plant is expected to achieve an annual production capacity of around 30,000 units within the next three years.
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Egypt takes the first step toward a becoming a regional auto powerhouse
This milestone underscores the Egyptian government's broader strategy to localize the automotive industry, and attract foreign investment.
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A comprehensive look at Egypt’s strategy to boost industrial growth
This initiative forms part of the government’s overarching strategy to localize production, and position Egypt as a regional industrial hub by 2027.
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Chinese Geely inaugurates first car manufacturing plant in Africa, MENA in Egypt
The factory will produce the Emgrand 2025 sedan and the Coolray 2025 SUV.
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Turkish textile giant Katia&Bony to invest $50M in Egypt
Katia&Bony, a company founded in 2011 that produces for its brand and various global brands, is gearing up to launch sock manufacturing in Egypt.
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New women’s apparel brand prioritizes sustainably-grown cotton
A new Portland-based apparel startup combines the co-founder’s passion for sustainability with her family’s ancestry as Egyptian cotton farmers.
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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.