Industry News
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Five-pillar plan to boost Egypt industry sector: Minister
Ministry of Industry and Transport will adopt a plan of five key pillars to boost the industry sector going forward.
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Infinity Power plans to invest USD 10.5 bn in Egypt by 2030
The company plans to finance 30% of the new investments through internal resources, with the remaining 70% sourced from bank loans.
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Egypt considers new incentives to boost local automotive industry
Egypt targets deepening autos local manufacturing by providing incentives to enhance domestic production and attract global companies.
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B.TECH inaugurates MAX store for electronics, home appliances
Strategically located on the Ring Road, B.TECH MAX covers an impressive area of over 3,000 square meters on a single floor.
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No changes to Egypt’s load shedding plan, official assures
In July electricity cuts will be suspended starting from July 21 until the end of summer on September 21.
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Volkswagen chooses Egypt over Nigeria for auto assembly plant
The agreement between Volkswagen and Egypt underscored the commitment of the government to bolster its automotive industry.
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Egypt's non-oil sector edges closer to growth in June
"Egyptian non-oil companies saw an increase in sales volumes in June for the first time since August 2021," S&P Global said.
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Manufacturing and extractive industries production index falls to 95.54
Egypt’s furniture industry production index rose by 9.27 percent to an initial recording of 147.08 in April, according to CAPMAS data.
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Volkswagen Group Africa Signs New Agreement with Egypt To Develop Assembly Lines
Government of Egypt aims to establish a Special Purpose Vehicle (SPV) to construct the buildings for the Body Shop and Assembly Line.
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Auto sales in Egypt decline 14.2% YoY in May
The report also showed that car sales fell by around 2.3% YoY in the first five months of 2024, totaling 29,811 units.
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Egypt to stop power cuts during the summer starting July 21
Egypt announced Monday that electricity cuts will be suspended starting from July 21 until the end of summer on September 21.
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Alexandria Fertilizers suspends operations due to gas shortage
The Alexandria Fertilizers Company (AlexFert) has halted operations at its three factories due to the interruption of the natural gas supply needed.
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Egypt’s Automobile Dealers Association anticipates 25% increase in car prices
There are 39,000 cars held at customs, anticipating an increase in car prices and the return of overpricing.
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ElAraby Group will develop a USD 500 mn industrial zone in Egypt
The complex will be developed in partnership with Japanese electronic company Sharp, Taiwanese textile company Richie and another unnamed company.
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Egypt, Nissan Agree to Produce 100,000 Cars a Year
The agreement is part of efforts to boost the proportion of locally made auto components in cars assembled in Egypt with a view to exporting.
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8 facts about the fertilizer plants crisis in Egypt
Discover the key facts about the ongoing crisis in Egypt's fertilizer industry as major plants halt operations due to natural gas shortages.
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Global Perspectives—Printing Industries in Egypt
Each edition of the drupa daily featured a Global Perspectives article that looked at the state of the printing industry in a specific nation.
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Egypt to Import $1.18 Billion in Energy to End Summer Power Cuts
To combat increasing costs and cuts, the Prime Minister also revealed that all commercial shops will close at 10 PM except supermarkets and pharmacies
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Egypt’s Abu Qir Fertilizers suspends operations over gas supply shortage
The state-owned Abu Qir Fertilizers Company has suspended for the second time in June the operations of its three plants due to natural gas shortage.
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Japan's SARAYA to inaugurate 3 factories in Egypt
The first phase, which began pilot operation in 2023 and will be officially inaugurated today, Tuesday, stretches on 8,000 square meters.