Industry News
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Egypt government hikes electricity prices by 40% to reduce subsidy bill
Egypt’s government has increased the price of electricity this week amidst a cost of living crisis, a move likely to cause further frustration.
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Egypt, Saudi Arabia go ahead with $1.8 B interconnector
The project is expected to be operational in two phases, with the first phase scheduled to begin in July 2025.
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Egypt adopting financial policies to localize electronic industry
The Ministry of Finance adopts financial policies to localise the electronic industry in the Egyptian market and boost the country’s digital exports.
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The rapid transformation of Egypt’s automotive industry
The automotive industry is transforming rapidly, here's a look at the latest developments, key players, and future plans in Egypt's automotive sector.
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Supply of materials & textiles
Giza: Supply of materials & textiles for the manufacturing of military & special education uniforms and confidential printing press supplies
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Egypt hikes electricity prices for households by up to 50 percent
The country is gradually phasing out subsidies as part of an agreement with the International Monetary Fund (IMF).
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Egypt, EU to implement €8M program to support industry
The agreement, orchestrated to span 60 months, will be executed through the United Nations Industrial Development Organization (UNIDO).
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General Motors seeks boosting presence in Egyptian market
GM also expressed its desire to accelerate the implementation of the national Automotive Industry Development Programme (AIDP).
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Egypt's chemical exports grow year on year
Other chemical products grew by 3 per cent year-over-year. This is reported by Daily News Egypt, a partner of TV BRICS.
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PM Madbouly probes expanding automotive industry in Egypt with Nissan director
Prime Minister Mostafa Madbouly met with representatives of Nissan Motor Corporation to probe into expanding the automotive industry in Egypt.
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Chemical exports were the 2nd largest non-oil exporting sector in H1 2024
The top 10 importing countries collectively accounted for $2.241 billion, or 58 percent of the sector’s total global exports.
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PM advances Egypt's automotive industry with Kasrawy Automotive Group
Kasrawy Automotive Group aims to achieve an annual production target of 5,000 cars with a total investment of $16 million.
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Maridive Offshore Projects secures $14.4mln contract for cable installation in Egypt
The contract involves the procurement and installation of electrical power cables in Egypt, with project execution set to begin in the third quarter.
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Egypt efforts to support private sector over two years
The Egyptian Information and Decision Support Centre (IDSC) issued in a report on Thursday the efforts and measures the government has taken.
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Egypt creates new council for localizing computer chips, solar cells industry
Moreover, the council will follow up the development of work on current investments in this field of technology.
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7 facts about Egypt’s project to localize computer chips and solar cells
As these initiatives take shape, Egypt could emerge as a regional leader in high-tech manufacturing, driving economic growth.
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SCZONE and Turkish Eroğlu Global Holding launch $40 mln garments project
This groundbreaking project will initially cover 64,000 square meters, with plans for a second phase to expand to 400,000 square meters.
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Haier Egypt starts fridge production in Egypt September
The company aims to invest $50 million in manufacturing other products to be exported abroad.
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Mansour Automotive plans for expansion in local manufacturing sector in Egypt
The group aims to expand its exports to additional markets, particularly the Gulf Cooperation Council (GCC) countries and Africa.
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Chinese firm to build $0.5B textile complex in Egypt
The complex is expected to span over 350,000 square meters, and produce textiles and ready-made garments.