Industry News
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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.
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Madbouly government slashes 2024 privatization program targets to USD 1 bn
Finance Minister Mohamed Maait said that the government was looking to raise some USD 6.5 bn as recently as February.
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Egypt to halt load shedding in churches during holidays
Egypt announced suspending the load shedding plan in churches during holidays, such Easter and Holy Week.
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Egypt’s PM inspects ‘Pyramids’ factory for tires, rubber products
Egyptian Prime Minister Mostafa Madbouly made an inspection tour of various development projects in Port Said and Damietta governorates.
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Egypt successfully produces Unmanned Surface Vehicle with combat capabilities: Report
Established in 2018 as a private Egyptian joint stock company, Amstone is owned by Egyptian investors and shareholders.
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Top 10 paint producers in Egypt
Egypt is poised to emerge in 2024 as a key player in the global chemicals market, driving economic growth and sustainable development.