Industry News
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Egypt plans 2-GW pumped storage power project
Egypt is setting sights on a major energy project, planning to construct a 2-Gw pumped-hydro power plant, in cooperation with China Energy. A feasibility study for the project has already been signed.
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Egypt approves electricity export project MoU with Belgium’s Jan De Nul and EETC
The Egyptian government approves an MoU with EETC and Belgium's Jan De Nul to start a project exporting renewable energy to Europe via a sea line.
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The GREGY initiative: 10 facts about Egypt-Greece electrical interconnection
The Egypt-Greece Electrical Interconnection project, dubbed GREGY, is an innovative solution for Europe's energy crisis, and a new endeavor for Egypt.
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Heimtextil 2024 set to witness significant growth
World's leading textile fair Heimtextil 2024, taking place from 9th to 12th January in Frankfurt am Main, is set to witness significant growth.
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Xingxing to Build Two $1.08B Factories in the SCZONE
Xinxing Cathay International Group unveils plans to invest $1.08 billion in constructing two factories in the Suez Canal Economic Zone (SCZone).
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EBRD Invests in Egyptian Copper Rod Manufacturing
The European Bank for Reconstruction and Development (EBRD) is providing a $50 million loan to United Metals Company (UMC).
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Ventile sets Egypt on a course to biodynamic farming
Ventile, a sustainable textile manufacturer, partners with the Egyptian Biodynamic Association to promote sustainable agricultural practices.
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Minister of Trade unveils new round of Industrial Innovation Award
Egypt's Ministry of Trade, headed by Ahmed Samir, has introduced a new round of the Industrial Innovation Award to foster innovation and enhance the industrial sector.
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China-Egypt cooperation zone contributes to Egypt's industrial modernization
The cooperation zone, while accelerating strategic upgrading, has become a key platform of investment and cooperation for Chinese and Egyptian firms.
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Saudi Bashayer could deploy an initial EGP 1 bn to develop industrial land in Egypt
Trade Minister Ahmed Samir and SBC General Manager Mohammad Elsekaily discussed the potential investment on Thursday.
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Intro, Siemens to build 300 MW CHP power plants in Egypt and Middle East
Intro Sustainable Resources has inked a cooperation protocol with Siemens Energy to establish a complex of highly efficient combined heat and power.
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Chemical and Fertilizers Export Council, Tabseer partner to facilitate Egyptian exports to KSA
Egypt's Chemical and Fertilizers Export Council (CEC) enters into an agreement with Tabseer from Saudi Arabia to facilitate access to Saudi market for its members.
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Project: Food
Assuit: Supply of cooked meals
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Chinese firms plan to launch $2.75 bln industrial projects in Egypt's SCZONE
The Suez Canal Economic Zone (SCZONE) on Tuesday signed a letter of intent (LOI) and three framework agreements with Chinese companies for industry.
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Egypt extends expat car import initiative for additional 3 months
Egypt's House of Representatives extends the expat car import initiative for 3 more months. Expats can import cars tax-free by depositing an equivalent amount in a five-year foreign currency certificate of deposit.
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China’s Hengsheng Dying Zhejiang to establish $70mln textiles factory in Egypt
To be built on a 200,000-square-meter area, the factory is set to create nearly 1,500 job opportunities.
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Empowering Small Projects: Egypt witnesses growth in microenterprise funding
Project funding in the microenterprise sector has been disbursed across various industries.
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Turkish companies to open more textile factories in Egypt
Turkish ready-made clothes and textiles companies are planning to open new factories and stores in Egypt in the coming period.
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Egypt: Kima unveils $297m joint project with Technomont
The board members of Kima greenlighted the Italian company’s offer to implement a project with a daily production capacity of 600 tonnes of acid.
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Abou El-Enein Calls for Establishing Specialized Industrial Cities with Production Specialization within New Investment
Abou El-Enein stressed the necessity of establishing industrial cities specialized in specific industries.