Jade Textile eyes three new factories for USD 180 mn.
#1- Turkey’s Jade Textile plans to invest USD 180 mn to expand its presence in Egypt, with the aim of doubling its production capacity, Supply Chain Manager Ahmed Ibrahim told Amwal Al Ghad. The expansion includes a USD 65 mn smart green factory in Tenth of Ramadan to kick off operations in December 2025, a USD 35 mn facility in Borg El Arab to come online next summer, and a USD 80 mn expansion to its plant in Ismailia.
#2- Giza Spinning and Weaving plans to set up five new factories over the coming five years with combined investments of USD 15 mn, CEO Fadel Marzouk told Al Borsa. The company will establish one factory every year through 2029 in Upper Egypt, he said, adding that the move will double the company’s production capacity.
#3- Delivery service company DHL plans to invest up to EGP 500 mn in Egypt in 2025 as it looks to expand into new industrial zones and tap into the growing demand across different governorates, Egypt Country Manager Amr Tantawy told Al Borsa. The company plans to open five new branches and introduce new services like transit shipments and break bulk and is targeting expansion into newly established areas such as the new capital.
#4- Ebda to invest EGP 17 bn in eight industrial projects: The National Initiative for Developing Egyptian Industry (Ebda) has selected eight industrial projects to invest EGP 17 bn into as part of the Nile Fund for Industrial Development, Ebda head Amani Eid said yesterday, according to Al Mal.
#5- Ashry Steel is gearing up to launch its new EGP 1.5 bn galvanization and lighting poles factory in Sixth of October next month, Al Borsa quotes Ashry Steel Sales Manager Mohamed Ali Gad as saying. The factory, which is being built on an area of 45k sqm, is expected to see its production reach 1 mn tons annually.
AGRICULTURE-
The planned 1 mn feddan integrated farming zone in the New Valley Governorate courtesy of Chinese companies will require investments totaling USD 7 bn, Egyptian-Chinese Businessmen Association Secretary General Mohamed Alaa El Din told Asharq Business. The first phase, covering 1k feddans, is expected to be completed by September 2025, with additional phases under discussion. Some of the strategic crops planned for cultivation include wheat, corn, soybeans, and sunflower, Alaa El Din said.
HOSPITALITY-
Ecole Ducasse is set open one of its culinary and pastry schools in Cairo by the end of 2025 under a partnership with Reliance Egypt, the international culinary school network announced in a press release (pdf). The school will offer a range of courses that include everything from “short cooking and pastry classes to intensive programs and masterclasses targeting both local and regional students who are passionate about mastering the art of cooking.”
MINING-
The Mineral Resources Authority is looking into the possibility of establishing a gold refinery in the Red Sea governorate, with the authority currently in the process of identifying the most suitable location near Marsa Alam for the refinery, Al Borsa reports, citing an unnamed source from the authority. The refinery — which will process locally mined gold — could cost anywhere between USD 20-40 mn to build, the source said, adding that work on the project could begin in mid-2025.
ENERGY-
Shell to up gas production: UK oil and gas giant Shell will boost its natural gas production by 170 mn cubic feet per day by the end of December, an anonymous government official told Asharq Business. The firm will up its production from three fields in the West Delta region.