Japan's SARAYA to inaugurate 3 factories at Egypt's SCzone Tuesday

Mon, 24 Jun 2024 - 04:34 GMT

The company has founded a complex consisting of four factories worth $12 million.

Egypt intends to develop local semiconductor industry. PM directs ministries to select consultant

Wed, 12 Jun 2024 - 05:02 GMT

These efforts aim to maximize the potential of Egypt's mineral assets and foster the localization of digital chip and solar cell industries

Highlights of projects aimed at turning Egypt into trade, energy hub

Tue, 04 Jun 2024 - 10:56 GMT

Since 2018, the government has been implementing projects in relevant sectors with the aim of achieving that goal.

Egypt targets economic growth of 7-8% by 2027: Planning Minister

Sun, 21 Apr 2024 - 10:22 GMT

She noted that in spite of the anticipated economic growth deceleration in 2024 due to Middle East conflicts, the rate is projected to surpass regional average.

Madbouly calls for national council to localize electronic chip manufacturing industry

Tue, 30 Jan 2024 - 03:58 GMT

Madbouly stressed on the importance of developing Egypt’s local manufacturing of electronic chips, emphasizing the need to stimulate investments and establish a conducive business environment to expand the industry

Prices of home appliances expected to rise following a climb in input prices

Tue, 19 Dec 2023 - 01:17 GMT

Factories manufacturing in Egypt are facing a surge in steel prices, with the most recent increase by Ezz Dekheila Steel Company (Ezz Steel) earlier this week

Egyptian president discusses investment with Italy's Danieli Group

Wed, 11 Oct 2023 - 03:45 GMT

President Abdel Fatah al-Sisi received Wednesday Chairman and CEO of Italy's Danieli Group Gianpietro Benedetti.

Exports, taxation at center of suggestions in National Dialogue's session on manufacturing sector

Wed, 06 Sep 2023 - 03:13 GMT

Participants in the National Dialogue's manufacturing session stipulated Tuesday the necessity of boosting the volume of exports, making commercial attaches more effective, and setting a national strategy to develop the sector.

Egypt plans to raise industrial production by 19% in FY2023/2024

Tue, 05 Sep 2023 - 02:42 GMT

The industrial sector in Egypt is divided into non-petroleum industries (80 percent), and petroleum industries (20 percent).

Egypt offers 600 industrial land plots for investors, reservations can be made online

Thu, 24 Aug 2023 - 03:00 GMT

The General Authority for Investment and Free Zones in collaboration with the Administrative Authority with Jurisdiction is offering 600 industrial land plots for investors.

Egypt targets to raise size of industrial production to LE4.3T in FY2023/24

Mon, 17 Jul 2023 - 03:30 GMT

The report noted that the sector's shares in the GDP and non-oil exports are 16 percent, and 85 percent, respectively.

French manufacturer Alstom announces EUR 300M to be invested in Egypt over the next 3 years

Sun, 16 Jul 2023 - 12:30 GMT

The two factories are said to produce electric and signaling systems and manufacturing parts for metro, highway rails, monorails, and railways. Their strategic location was chosen to facilitate trade in Alexandria

Egypt, intl. partners support private sector with $7B in 2020/22

Thu, 13 Jul 2023 - 04:10 GMT

The funding was particularly directed to firms operating in the sectors of healthcare, manufacturing, and financial markets.

Egypt's RFI-260 concrete flange factory starts pilot operation to cater to high-speed electric train

Wed, 12 Jul 2023 - 02:40 GMT

The Egyptian Company for Self-Maintenance for Roads and Airports made the announcement Wednesday in a meeting with Minister of Transport Kamel al-Wazir.

Egypt’s manufacturing and extractive industries index declines to 99.33, CAPMAS

Sun, 25 Jun 2023 - 02:14 GMT

The statistics agency also reported a jump of 8.11 percent in the production of transport equipment to 128.60 in April 2023 from 118.95 in March during the same year

Egypt to inaugurate 7 textile factories worth LE31B in 2024

Mon, 05 Jun 2023 - 03:34 GMT

The total cost of the factories is LE31 billion, including a €600-million loan that is being used in the purchase of machinery.

Egyptian president inaugurates €80M Quartz Industrial Complex at Ain Sokhna

Thu, 25 May 2023 - 12:07 GMT

It is the first of its kind in the world, as it carries out all the processing phases of the mineral. It is also the only quartz plant in Africa and the Middle East.

Egyptian political parties propose reforms to boost investment attractiveness

Tue, 23 May 2023 - 03:18 GMT

The moderator of one of the sessions said that the share of the manufacturing sector in the GDP dropped to 16 percent, which is quite low.

Samsung Electronics Egypt discusses expansion plans with GAFI chairman

Sun, 07 May 2023 - 02:20 GMT

The size of Samsung's current investments in Egypt amounts to $500 million, with sales worth $1.3 billion.

China's TEDA, Chen Cheng to build $2B-worth steel, cast iron pipe factory

Thu, 23 Mar 2023 - 11:15 GMT

Prime Minister Mostafa Madbouli held a meeting Wednesday with the representatives of China's TEDA and Chen Cheng to discuss their plan of establishing a $2-billion factory.