MANUFACTURING-

Thailand’s Hi-Tech Apparel began construction on its USD 20 mn sportswear factory in the Qantara West Industrial Zone, according to a statement. The factory will have an annual production capacity of 6 mn garments, which will be exported to markets including those in the Americas and Europe. It is expected to kick off production early next year.

The 64k sqm factory marks the company’s first project in the Middle East and Africa and adds to its portfolio of plans in Thailand, Vietnam, Cambodia, and Laos. The company produces over 60 mn garments every year and manufactures sportswear for companies including US legacy brand Nike.

ENERGY-

French electrical equipment manufacturer Schneider Electric will invest EGP 5 bn to set up four energy control centers under a recently-inked agreement with the Electricity Ministry, a government source told EnterpriseAM. The ministry will finance the centers, one of which will be located in southern Egypt and another in northern Egypt, while the locations of the remaining two were not disclosed. Construction is expected to kick off mid-2025, with operations set to start by the end of 2026.

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