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A technology called “digital twins” is making manufacturers’ dreams come true by creating a 3D simulation of a product using real-time data. The idea behind digital twins is that it allows manufacturers to conduct virtual tests to see how the product would perform, and simulate various conditions to determine the product’s responses to these variables […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Egypt, Saudi agriculture ministers discuss import bans on Egyptian agricultural products
Agriculture Minister Abdel Moneim El Banna met yesterday with his Saudi counterpart to discuss the kingdom’s bans on Egyptian agricultural products, Al Mal reports. The two ministers did not seem to make much headway on the issue beyond reviewing Egypt’s newly imposed quality control measures and reaffirming their commitment to cooperating with each other. Saudi […]
Posted inDiplomacy + Foreign Trade
Sisi and Abbas discuss Palestinian reconciliation in phone call
President Abdel Fattah El Sisi spoke to Palestinian counterpart Mahmoud Abbas on the phone yesterday to discuss the latest on Egypt-mediated reconciliation efforts with Hamas and other regional issues, according to an Ittihadiya statement.
Posted inInfrastructure
SCZone taps Port Said Container & Cargo Handling Company for USD 300 mn East Port Said Port container terminal
It looks as though the Suez Canal Economic Zone’s agreement with France’s CMA CGM has faltered, as the authority has tapped the Port Said Container & Cargo Handling Company to construct, manage, and operate the USD 300 mn East Port Said Port container terminal, Land and Maritime Transport Holding Company Chairman Mohamed Youssef tells Al […]
Posted inBasic Materials + Commodities
Juhayna signs contract to distribute FLO water
Juhayna subsidiary Tiba for Trade and Distribution has signed a contract to distribute the Egyptian Saudi Company for Water and Food Industries’ FLO water, Juhayna CEO Saif Thabet tells Al Mal. Tiba, which signed a similar partnership agreement with Denmark-based Arla Foods in 2015, will distribute the bottled water products through 28 centers in 27 […]
Posted inManufacturing
HitekNofal Solutions, Hengtong Group inaugurate USD 30 mn fiber optics factory
ICT Minister Yasser El Kady inaugurated yesterday the first phase of HitekNofal Solutions and Hengtong Group’s USD 30 mn fiber optics factory in Badr City, according to an ICT Ministry statement. The new factory, which has an annual production capacity of 8,000 km, is expected to cover domestic demand for fiber cables and begin exporting […]
Posted inManufacturing
Port Said to establish petrochemicals complex, tenders to be issued in two months
The government is planning to establish a complex in Port Said for industries serving the governorate’s petrochemicals factories, the head of Port Said’s Small and Medium Industries Development Association, Fouad Thabet, tells Ahram Gate. Thabet did not specify the total cost of the project, but said that construction costs of the buildings alone would tally […]
Posted inReal Estate + Housing
SODIC wins tender for 500 feddans in Sheikh Zayed
SODIC was awarded a tender for a 500-feddan land plot in Sheikh Zayed, the company said in a bourse statement carried by Al Mal. The plot is one of four the company had bid for in the Sheikh Zayed and Six October City areas. The New Urban Communities Authority is currently finalizing the contracts.
Posted inReal Estate + Housing
PHD to break ground on EGP 400 bn October Oasis project in mid-April
Palm Hills Developments (PHD) is planning to break ground on the EGP 400 bn October Oasis residential and commercial project in mid-April, Chairman Yasseen Mansour tells Al Borsa. The 3,000-feddan project in Six October City will be co-developed by the New Urban Communities Authority (NUCA) as per an EGP 150 bn agreement signed in September. […]
Posted inTourism
Gov’t re-issues tender for Ras Sudr airport, resort after amending stipulations
The government has re-issued its tender to develop an airport and adjacent tourism resort in Ras Sudr with amended stipulations after failing to drum up investor interest in the project last year, Al Mal reports. The new tender will allow companies to own the land on which the resort will be built, rather than have […]