Industry News
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Egypt Limits Power Cuts to Evenings amid Second Semester Exams
The new update will be implemented starting Wednesday until July 20, in coordination with the Ministry of Petroleum.
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Alstom: Building Plants in Egypt for Rolling Stock Production
Alstom plant in France is currently assembling trains for the Cairo metro, and the company is also preparing for the launch of the East Nile monorail.
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Elsewedy Electric, Bühler Group, and IBC Group sign agreement to advance grain silos industry in Egypt
This strategic alliance aims to promote the localization of grain silo manufacturing in Egypt, thereby enhancing food security.
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China's home appliance giant Haier inaugurates industrial park in Egypt
Haier Smart Home Co., Ltd., a subsidiary of the Haier Group, invests 135 million U.S. dollars to build the Haier Egypt Ecological Park.
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Madbouly Witnesses Inking Of Land Deals To Implement 2 Electricity Projects In Sohag
Investments in this field to contribute to reducing the use of fossil fuel and carbon emissions and achieving the sustainable development goals.
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$2bln total value of payment orders of beneficiaries of cars for Egyptian abroad initiative
In a statement on Saturday, Gendy said the initiative was launched in response to requests of the Egyptian expatriates to bring cars from abroad.
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Auto sales in Egypt record 4.2k vehicles sold in March 2024
Only 4.2k vehicles were sold, marking a decrease of 43 percent compared to the previous month.
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Egypt, France sign MoU on roadmap for locomotive industry localization
The Egyptian Cabinet approved in principle in July an investment plan by the French company Alstom to establish two factories in Alexandria.
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Egypt to increase value of industrial investments by 10% during 2024
The goal is to reach a minimum of $3.6 billion, surpassing the $3.3 billion recorded in 2023.
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SCZone Lays Foundation Stone for a Chinese Steel Pipe Factory with Investments of $146 Mln
The construction of the factory, which will provide 714 direct job opportunities, is scheduled to be completed during the first quarter of 2025.
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High-level visit to Egypt’s industrial zones highlights UNIDO-Swiss-Egyptian initiative for sustainable industry
A high-level visit to the Suez Canal Economic Zone (SCZONE) on Monday marks a major step forward towards promoting sustainable industry in Egypt.
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Egypt Aluminum’s profits hike 33% YoY in 9 months
Net profit after tax reached EGP 5.227 billion in the nine-month period ended March 31st, 2024, compared to EGP 3.916 billion in the same period.
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Indonesia expresses interest in collaborating with SCZONE in ports, electric cars, and green fuel
This zone encompasses four industrial zones and six maritime ports along the Mediterranean and Red Seas.
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Egypt to suspend load-shedding during Coptic Holidays
The state’s goal is to ultimately eliminate load shedding, the current electricity grid is capable of meeting Egypt’s electricity.
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China proposes to build a major textile manufacturing city in Egypt worth $300 mln
The delegation included presidents and representatives of 20 largest Chinese companies and alliances operating in various fields of the industry.
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Egypt's Engineering exports record unprecedented high levels
The figures showed that the after Egyptian engineering exports recorded levels that are the highest in the history of Egyptian engineering exports.
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Prices of 18 car brands in Egypt drop by up to 23% since currency floatation
This comes after two years of consecutive price increases due to a suspension of imports and a decrease in supply due to foreign currency shortage.
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Waja Company to set-up e-car factory in Egypt
Saudi Arabia’s Waja Company in JV to build manufacturing plant, leading new energy transition.
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4 Local Egyptian Sportswear Brands to Wear
The Egyptian fashion industry has witnessed a renaissance, where a wave of homegrown talent and creativity produced a wide array of brands.
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Austria, Czechia to establish $160 mln sodium cyanide production plant in Egypt
The plant would meet the needs of the local market and export 80 percent of its production to markets in the Mediterranean Basin and MENA.