Industry News
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Over $2B investment in 9 key Egyptian industrial projects during 2023
The ministry's achievements throughout 2023, emphasizing its commitment to developing the Egyptian industry and boosting exports to global markets.
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Egyptian government approves new facilities for industrial licences
The Saturday decree increased the construction ratios for industrial projects from 40% to 65-70% of the total land area.
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SCZone signs agreement with Chinese firm to build $50 mln bags factory
The Suez Canal Economic Zone (SCZone) signed an agreement with Henneway, a Chinese travel bags manufacturer, to build a factory with up to $50 million
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Egypt’s manufacturing industry index drops about 4% in October
The official data showed a decrease in electrical appliances and medical production.
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Electricity load reductions in Egypt to continue until March 2024: Officials
Daily load reductions will range from 600-800 megawatts. This capacity will be distributed to all governorates in periods not exceeding 10 minutes.
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WTC partners with Ghandour Auto to enable online booking, import of cars
Walid El Ghandour mentioned that Egyptians abroad can use this service to buy their cars and send them to Egypt with simple steps.
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Egypt’s Leap into the Future of Sustainable Transportation
Electric vehicles are no longer a distant dream for Egypt, as the nation gears up to launch its first electric car, the Nasr e70.
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Project: Automotive spare parts
Cairo: Supply of automotive spare parts under two contracts
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Prices of home appliances expected to rise following a climb in input prices
Factories manufacturing in Egypt are facing a surge in steel prices, with the most recent increase by Ezz Dekheila Steel Company (Ezz Steel).
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Egypt's finance minister confirmed that the country will implement financial policies that support the industrial sector
Egyptian Finance Minister Mohamed Maait mentioned the launch of a national programme for the production of environmentally friendly cars.
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Sphinx Glass Partners with DFI in Egypt under Exclusive Distribution Agreement
Sphinx Glass to introduce DFI glass coating technology in Egypt and the Mediterranean North African region.
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Egypt’s MOIC launches Hafiz platform to support private sector
The platform will offer a range of 75 services, both financial and non-financial, from 20 different development partners to businesses in Egypt.
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ADNOC to acquire Nassef Sawiris’ OCI stake in Fertiglobe for $3.62 bln
The UAE’s ADNOC has reached an agreement to purchase Nassef Sawiris’ European chemical producer OCI's entire stake in Fertiglobe for $3.62 billion.
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Egypt’s SCZONE attracted $1.7 billion in industrial investments in 2023: Official
The Suez Canal Economic Zone (SCZONE) has attracted more than $1.7 billion in industrial investments since the beginning of 2023.
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Egypt allocates EGP 100.7 billion to manufacturing industries sector in FY2023/24
The Egyptian government has allocated EGP 100.7 billion in investments for the country's manufacturing industries sector during the current FY.
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Egypt's Power Cuts to Be Lifted during Presidential Elections
The ministry has full capacity to provide power for the entire country during the presidential elections, coinciding with the decline in consumption.
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MSMEDA bolsters cooperation with Arab, African nations to aid entrepreneurs
Rahmi’s remarks came during his attendance at the summit of African Ministers responsible for emerging enterprises in Algeria.
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EDEX 2023: Egypt’s AOI, France’s Safran Engines sign agreement for aircraft engine maintenance, manufacturing
This agreement marks a significant step forward in Egypt’s localization of advanced manufacturing technologies in the defence industry.
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Schneider Electric and Redcon Properties Forge Sustainable Partnership in Egypt
This landmark agreement signifies a significant stride toward creating a blueprint for smart and sustainable communities within Egypt.
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Egypt's Suez Canal Authority to co-establish boat manufacturing company
Egyptian Prime Minister Mostafa Madbouly approved permitting the Suez Canal Authority (SCA) to co-establish Suez Canal for Modern Boats.