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Egypt, South Africa look to boost trade: The Federation Of Egyptian Industries (FEI) has signed a memorandum of understanding (MoU) with its South African counterpart to boost trade ties between the two countries, Al Masry Al Youm reported. No further information was provided on the MoU, but it comes amid a series of visits to […]
Author Archives: enterpriseam admin
Posted inEnergy
Eni makes new natgas discovery at Egypt’s offshore Noor propsect
Italy’s Eni has made a new natural gas discovery at the offshore Nour gas field in the East Mediterranean, the company announced on Thursday (pdf). The discovery well, the Nour-1 New Field Wildcat, reached a depth of 5,914 meters (19,403 feet). The well has not yet been tested, but the company said it has acquired […]
Posted inEnergy
Idku gas liquefaction plant to increase exports to 1.13 bn scf/day by June
Egypt’s Idku gas liquefaction plant should be working at full export capacity by June following linkage to the Eastern Mediterranean gas fields, with exports increasing to 1.13 bn cubic feet of gas per day (scf/day) up from the current 800 mn scf/day, Oil Minister Tarek El Molla told Daily News Egypt in an interview on […]
Posted inEnergy
US energy companies praise Egypt at CERAWeek conference
Oil Minister Tarek El Molla met last week with World Bank Group senior director and top energy official Riccardo Puliti to discuss financing for East Med gas projects and infrastructure during the CERAWeek conference in Houston, according to a cabinet statement. El Molla also discussed cooperation with Noble Energy Chairman David Stover, who praised Egypt’s […]
Posted inInfrastructure
Saudi’s Globe eyes Damietta Port as Egypt entry point
Saudi logistics service provider Globe Group is eyeing Damietta Port as its entry point into Egypt, the Damietta Ports Authority (DPA) said in a statement following a meeting between a delegation of senior executives from Globe and the DPA. The delegation is particularly interested in usufruct rights to manage and operate the new EGP 1.3 […]
Posted inInfrastructure
SCA in talks with four alliances to set up logistics center, storage station
The Suez Canal Authority (SCA) is in talks with four alliances (Groupe PSA, Mahoni, the Holding Company for Maritime and Land transport and Agility Logistics) to establish logistics centers and a storage station in East Port Said, the domestic press reported.
Posted inManufacturing
AOI discusses building MDF factory with Siempelkamp
The Arab Organization for Industrialization (AOI) discussed with representatives from Germany’s Siempelkamp potential plans to build a factory to produce MDF wood from palm tree waste in El Wadi El Gedeed, Al Shorouk newspaper reports. The proposed facility would have a total production capacity of 60k cubic meters per year.
Posted inReal Estate + Housing
Savills signs JV agreement with Egypt’s Sphere
International real estate advisor Savills signed an agreement with Egypt’s Sphere to set up a joint venture that would serve the Egyptian market, Trade Arabia reports. The new JV will take responsibility for the management, agency, and marketing of Arkan in West Cairo.
Posted inTourism
Air Cairo to begin operating direct flights between Italy and Egypt
Air Cairo will begin operating direct flights between Milan Bergamo and Sharm El Sheikh from 31 March, and Rome and Naples to Marsa Alam from 1 April, according to Italian news agency Di Viaggi.
Posted inAutomotive + Transportation
Egypt to receive first batch of 32 trains for Metro Line 3 in April 2020
The Transportation Ministry will receive the first batch of 32 air-conditioned trains for the third and fourth phases of Metro Line 3 in April 2020, newly-appointed Transport Minister Kamel El Wazir said.