MANUFACTURING-

#1- Chinese textile firm Fountain Set wants to set up a USD 100 mn textile and spinning complex under the framework of a freezone or economic zone, according to a statement. The 200k sqm project will create 1.5k jobs and will focus on exports to Europe and Africa.

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#2- The Egyptian arm of Germany’s Leoni inaugurated its 14k sqm plant for the manufacture of wiring harnesses and electric cables for vehicles, according to a statement. The new Badr City facility will produce wiring systems for both conventional and electric vehicles.

What’s next? The company plans to establish a new industrial complex over two phases, with the first scheduled to come online by mid-2027, bringing total employment to around 7k workers, according to a separate statement.

AUTOMOTIVE-

Abou Ghaly Motors is looking to put its weight behind localizing the manufacture of motorcycles, with the local automotive player seeking to attract investments and foreign companies to partner with, according to an Investment Ministry statement. CEO Mohamed Abou Ghaly specifically namechecked Vespa brand-owner Piaggio during a meeting with Investment Minister Hassan El Khatib, who issued a directive for a market study in partnership with the country’s automotive players to explore the initiative.

Two wheels may be better than four when it comes to easing congestion, as Abou Ghaly highlights that motorcycles in some cities in Europe and East Asia account for 70% of the vehicles on the road and help alleviate traffic. The cheaper form of transport is also a good option for young people and university students, given the price of cars, he added.

ENERGY-

Shell Aviation signed a long-term offtake agreement with Green Sky Capital to buy all output from its planned commercial-scale sustainable aviation fuel (SAF) plant in Egypt, according to a statement. The facility will produce up to 145k tons of SAF annually, along with bionaphtha and biopropane, and offset some 500k tons of carbon dioxide emissions equivalent annually. Operations are set for late 2027.

The project isn’t the only one aiming to be the first commercial-scale SAF plant in Egypt, as the state’s planned USD 530 mn SAF production complex in Alexandria is also positioning itself for the role.

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