Indorama Corporation, an Asian chemical firm, wants to establish two phosphate fertilizers and mineral silicon factories for solar panels, with investments worth $700 million. Prime Minister Mostafa Madbouly reviewed their proposal during a meeting with Minister of Petroleum Tarek El-Molla Minister of Planning Hala El-Said, and Minister of Trade and … Read More
The Suez Canal Economic Zone (SCZONE) and the Chinese industrial developer TEDA-Egypt have laid the foundation stone for a new textile factory in the Sokhna Integrated Industrial Zone. The factory, named Egypt Cady Textiles, will produce high-quality and environment-friendly fabrics and clothing using smart manufacturing methods.
The factory is part … Read More
Ethiopia, Egypt, and Sudan have resumed their negotiations over the filling of the Grand Ethiopian Renaissance Dam (GERD) today in Cairo.
Ethiopia’s Ambassador to the US Seleshi Bekele, who is also the chief negotiator and advisor on transboundary rivers and GERD to the PM Office, is leading the Ethiopian negotiations … Read More
Minister of Transport Kamel Al-Wazir said that the high-speed electric train project will be inaugurated by the end of 2024.
The transport minister highlighted that the ministry supports all local companies to have a 100% local industrial component and expand at a later stage for export, explaining that after the … Read More
Switzerland’s Smartenergy eyes Egypt for a green hydrogen investment opportunity worth USD 1 billion. The expansion would be the firm’s first outside Europe.
The company is in the later stages of negotiations with the Egyptian government to build a green hydrogen plant.
According to Smartenergy’s Chief Financial Officer René Cotting, … Read More
Egypt’s Cabinet announced the schedule for power cuts in the different governorates as the country has been implementing a load-shedding program since mid-July.
In the schedules, the Cabinet has determined the areas that will see power cuts each hour in the different districts across each governorate.
This seemingly cancels a … Read More
Egyptian Minister of Electricity and Renewable Energy, Dr. Mohamed Shaker, confirmed that Egypt aims to reach 60 percent of dependence on renewable energy by 2040.
Shaker explained that the Egyptian strategy was aimed at reaching 42% of the energy mix coming from renewable energy by the year 2030, but this
… Read More
Ethiopian Cargo and Logistics, one of the business units within the Ethiopian Airlines Group, says it will begin freighter operations to Egypt’s capital Cairo starting next week.
The operations would take the number of Ethiopian Cargo and Logistics destinations in Africa near to 24.
“Cairo to become 34th African freighter … Read More
Micro, Small, and Medium Enterprises Development Agency (MSMEDA) signed an agreement on Sunday with eAswaaq to manage, operate, and market Egypt’s online services platform for SMEs.
The service platform will incorporate all authorities offering financial and technical assistance to SMEs including banks, non-profit organizations, and government bodies. The platform is … Read More
If Egypt becomes a Sustainable Aviation Fuel (SAF) producer, it can tap into a hungry and eager market, potentially becoming an export earner, Minister Counsellor of Commercial Affairs Keith Kirkham highlighted the attractiveness of being a first mover in a market where demand exceeds supply.
“Those who are first movers…
… Read More
Egypt’s Prime Minister Dr. Mostafa Madbouly inaugurated, on Sunday morning 28-5-2023, the eighth edition of Builders of Egypt Forum, “the largest event in the construction and building sector”, under the theme “Egypt’s Propitious Momentum towards Construction Sector Exportation Regionally”, with the participation of Arab and African delegations in collaboration with … Read More
Exports of the building materials industry reached nearly $6.9 billion in 2022, up from $6.5 billion in 2021, Ahmed Samir, Minister of Trade and Industry, said on the sidelines of the Egypt Projects and Windorex exhibition.
The exhibition is being held at the Egypt International Exhibition Center from May 6th … Read More
The General Authority for Investment and Free Zones (GAFI) signed Saturday an MoU with Talal Abu-Ghazaleh Global for Professional Services (TAG Global) to cooperate on developing the mechanism of founding regional bureaus in Egypt, investment promotion, enhancement of the investment climate, including the drafting of legal amendments, and digital transformation. … Read More
The Egyptian Cabinet announced that the Red Sea Wind Energy Consortium signed a financial closing agreement worth $680 million for a project to establish a wind farm in the Gulf of Suez with a capacity of 500 megawatts.
The cabinet added in a statement that the agreement was signed by
… Read More
President Abdul Fattah El-Sisi has inaugurated the first phase of the wastewater treatment plant in New Minya.
The new sewage treatment plant in New Minya City operates with a capacity of 20,000 cubic meters/day (the first phase). The sewage will be treated with dual and tertiary treatment, to be used … Read More
Head of the European Union Delegation to Egypt, Ambassador Christian Berger, has said that the EU co-funded existing programs that cover 16 governorates in Egypt, providing jobs, mainly in rural areas. This shall help improve the quality of life for nearly 20 million people in Egypt.
Berger’s remarks came on … Read More
Egypt’s Minister of Environment Yasmine Fouad has met with the CEO of the Small, Medium, and Micro Enterprises Development Agency (MSMEDA) Basil Rahmi to discuss issues related to financing environmental investment projects.
The Ministry of Environment has established a unit for environmental and climate investment that undertakes the task of … Read More
Minister of Transport Kamel El Wazir asserted that Egypt’s success in implementing strategic projects and its great achievements in the various transport sectors over the past phase amounted to EGP 2 trillions from June, 2014, till June 2024, in addition to establishing the new Suez Canal to allow ships’ transit … Read More