CEO of Global Auto, Mohamed Kandil, revealed the start of assembling BMW X models in Egypt, which belongs to the SUVs category, starting with the X5 40 model.
Samir was speaking during a conference organized by Obeikan Digital Solutions to announce future plans of the company in the Egyptian market.
gypt Today reviews in this article the stages of the production process in the newly-inaugurated factory, “Kima 2”, using modern technology in manufacturing, at an investment cost of about 12 billion pounds.
The Mediterranean region is still full of many resources, he said, adding the coming period requires cooperation of all peoples to achieve hopes, stability and development for countries.
Molla added efforts are now focused on capitalizing on promising opportunities and potentials in the country to up production rates and upgrade the main structure.
According to Ahmed Abdel Hamid, the Head of the Building Materials Division of the Federation of Industries, "there is an exceptional circumstance in the industry and economy in the world, but Egypt is able to exceed this period."
Current production from Zohr gas field hiked to 2.7 billion cubic meters per day, added the ministry Mondayز
The first and second lines of the factory have been started with a production capacity of 18,000 tons of sugar per day, in preparation for reaching the maximum production capacities of about one million tons per year during the next year 2023.
This is needed to increase production and reserves of oil and gas resources, Molla said during a meeting Tuesday with Mathios Rigas, CEO of Energean PLC.
El-said clarified that this will create job opportunities in the sector, and increase the income of small farmers, whilst increasing exports.
The limit of production of 7 billion local cigarettes in one month had been exceeded by 10 percent than the previous highest production figure.
The increase of global wheat production would lead to a decline in wheat prices globally and, thus, Egypt, the largest wheat importer in the world, will benefit from the declined prices, Abu Saddam clarified.
The Ministry of State for Military Production started manufacturing a 100-percent Egyptian multi-barrel machine gun at Military Factory 300.
President Sisi’s orders aim to meet Egypt’s local need and open the horizons for exporting furniture to the African and Arab geographical surroundings.
The Ministry of Finance began implementing on Sunday presidential decree no.59/2020 on modifying tariffs on specific goods.
Abdel-Gawad attributed the hike in production to the implementation of a work program to improve the productivity and operation of obsolete wells, in addition to the drilling program for new exploration and development wells.
Egypt’s production jumped by 82.7 percent on an annual basis to reach 6.5 terawatt hours (TWh), exceeding the average increase of 14.3 percent during the previous 10 years.
The ministry said that this high record in production reflected the success in implementing the integrated work program in the various oilfields of the company in the Eastern and Western Desert areas, the Gulf of Suez and Sinai.
The car will be produced by El Nasr Automotive Manufacturing Co.
The Ministry of Agriculture and Land Reclamation declared Monday that the initiative will be introduced in Damietta and Kafr Al Sheikh governorates.