Engineering News
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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 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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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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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.
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Saudi Arabia will supply power to Egypt
Testing is scheduled to begin in April and work is expected to be completed by mid-2025.
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EVs Electrify Egypt Summit kicks off with extensive Governmental and International participation
The summit represents an ideal platform for leading companies to explore investment opportunities in this sector.
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Egypt: B.TECH targets $391mln sales in 2024
The company aims to increase its installment portfolio to $164mln by the end of 2024.
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Egyptian Min., Jordanian Amb. talk ways to enhance investment in electricity field
They discussed cooperation in electricity, electrical interconnection, new and renewable energy, and the development and modernization of networks.
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The Velaro High-Speed Train for Egypt
In total, 41 Velaro high-speed trains will be produced for Egypt’s new railway system to travel at speeds of up to 250 km/h.
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Egypt engineering exports: Breaking barriers, setting records
Egypt is recognized for sectors like agriculture, textiles, and natural resources, but the engineering sector’s growth indicates a critical shift.
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Egypt halts electricity load reduction
The Ministry of Electricity and Renewable Energy has decided to halt power load reduction, as fuel supplies meet needs.
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Saudi Arabia-Egypt Electricity Interconnection Project
A substantial proportion of electricity is expected to be sourced from renewable resources, in line with both countries’ sustainability goals.
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Egypt adjusts electricity prices for different consumption segments
The Electricity Utility and Consumer Protection Regulatory Authority (EgyptERA) disclosed the updated rates for various consumption segments.
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Egyptian Company Unveils Locally-Made Drones, Smart Munitions
The company's flagship product, the“6th of October” drone, was a key attraction, entirely made in Egypt.
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Egypt engineering industry exports grow by 29.9% in 7 months
The Engineering Export Council of Egypt revealed that engineering industry exports have increased by 29.9 percent since the beginning of the year.
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Egypt secures €165 million loan for grid upgrade
Egypt is expected to upgrade its energy infrastructure with a €165 million ($183 million) sovereign loan from the EBRD.
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Siemens and the General Authority for Industrial Development, Egypt sign MoU
This strategic agreement aims to elevate Egypt’s industrial capabilities and strengthen its position in MENA.
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Sisi approves €250 mln loan to electrify, upgrade Alexandria’s Abu Qir railway
The government approved the 250 million euros loan deal in August 2023, and the House of Representatives passed it in June 2024.
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Egypt welcomes Black & Decker’s first factory in MENA region
This investment will involve setting up the first factory for the production of electrical equipment and tools in the Middle East and Africa.