Industry News
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Egypt's Richest Man, Nassef Sawiris, to Transform OCI into a Cash-Shell Entity for New Acquisitions
Nassef Sawiris, Egypt's richest man, is planning a significant overhaul of his chemical conglomerate, OCI.
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Turkey plans to establish industrial zone in Egypt: Trade Minister
The proposed industrial zone in Egypt aims to replicate the success of the existing industrial zone in Bursa.
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4 new commodities to be introduced on Egypt's Commodities Exchange in 2024
Four new commodities will be introduced on the Egyptian commodities exchange (EGYCOMEX) during 2024, with petrochemical products leading the list.
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Egypt adopted 144 reforms to support the private sector since May 2022: PM
Madbouly said more than 1,000 private sector companies that take part in national programs which will help improve the Egyptian economy on all levels.
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Nine EV charging stations to be installed in New Cairo
The project has been entrusted to Taqa Volt, whose mission will be to “develop, manage and operate” the nine new facilities.
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Egypt to invest $94mln in metal industries
Egypt has approved plans to invest nearly 2.9 billion Egyptian pounds ($94 million) in new metal industrial projects during fiscal 2023-2024.
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Madbouly discuss with Samsung Electronics means to pump more investments in Egypt
Prime Minister Mostafa Madbouly said that he is looking forward to more investments of Samsung Electronics company in Egypt in the coming period.
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Automotive industry sales increased by 32% in December 2023: AMIC
The report highlighted that sales of various types of vehicles, including private cars, buses, and trucks reached a total of 10,415 vehicles.
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Finance Ministry receives US$850 million from Egyptian expat car initiative: Minister
“We are trying to overcome any obstacles or challenges facing Egyptians abroad participating in this initiative,” the minister concluded.
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Joint project between Egypt and Italy for electrical connection with massive investments
Egypt can play a crucial role in supplying European markets with renewable electricity, contributing to environmental improvement.
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5 things to know about 1st factory for fiber yachts in Egypt, Red Sea
The Governor of the Red Sea, Major General Amr Hanafy, opened the first factory in Egypt and the Red Sea for the manufacture of fiber yachts.
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PM directs to outline integrated vision to manufacture industry inputs locally
This came during a meeting he held on Thursday to discuss several proposed mechanisms to boost Egyptian exports.
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Japan’s Yazaki initiates construction of $32.5 mln auto parts factory in Egypt
Japanese car parts supplier Yazaki has announced commencing the construction of its manufacturing facility in Egypt, with an investment of $32.49m.
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Electricity minister discusses with Siemens officials boosting cooperation
Shaker commended distinguished and unique relations between the two sides in the different electricity fields, according to a statement.
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Madbouly calls for national council to localize electronic chip manufacturing industry
ITIDA head, Al-Zaher, explained that there are currently around 60 companies operating within this field in the country.
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Egypt’s leather exports rise 25% YoY in 2023
Chairman of the General Organization for Export and Import Control Essam Al-Naggar told Al Arabiya Business.
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Egypt zero-customs car import initiative to generate $2 billion
Egypt's zero-customs car import initiative is projected to generate $2 billion, based on the high demand witnessed in the first and second phases.
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Egyptian-Indian joint venture to operate raw phosphate factory in Egypt
The factory aims to boost the concentration of raw phosphate to be included in new industries.
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Egypt approves third phase of zero-customs car import initiative
The Egyptian Cabinet has approved the extension of the zero-customs car import initiative for expats for an additional three-month period.
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Large household appliances
Cairo: Supply of 2 washing machines and an air dryer