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Halwani Bros are looking to build a dry products factory with an investment value of EGP 100 mn this year as part of its strategy to boost production by 50%, CFO Fathy Mohamed told Al Borsa. The new factory will separate dry products from the existing poultry factory, he added. The company had estimated the […]
Author Archives: enterpriseam admin
Posted inManufacturing
Samsung studying assembling new devices at Beni Suef factory
Samsung is studying assembling new products at its Beni Suef factory provided the 5-10% customs tariff on their components are revised, Samsung Electronics VP Sherif Barakat told Al Borsa. The new products will include smartphones in which, as we noted yesterday, Samsung aims to grow their market share to over 50% from 40% last year, […]
Posted inManufacturing
Guangzhou Goodsense looking to build aluminum composite panels factory
China’s Guangzhou Goodsense Decorative Building Materials are looking to build an aluminum composite panels factory in Ataka in partnership with the Egyptian-Saudi Wellbond Company, Trade and Industry Minister Tarek Kabil told Al Masry Al Youm. The project has an estimated cost of USD 100 mn and will be financed by Egypt, Saudi Arabia, and China, […]
Posted inManufacturing
SCZone finalizing talks with Siemens, GE for EUR 400 mn wind turbine blade factories
The Suez Canal Economic Zone (SCZone) is finalizing negotiations with Siemens and General Electric to establish two wind turbine blade factories at a total cost of EUR 400 mn, SCZone Chairman Ahmed Darwish told Al Borsa. According to Darwish, the SCZone is expected to negotiate with the two companies the amount of land needed for […]
Posted inHealth + Education
No increase in university tuition fees -Minister
There will not be a tuition fee increase in public or private universities for returning students, said Higher Education Minister Ashraf El Sheehy, Ahram English reported. Private universities will be bound by a “code of honor” to maintain a cap on fees for returning students, he says, but will be able to increase fees by […]
Posted inReal Estate + Housing
SODIC nearing official bid on 250 feddans in Dream Land
SODIC is reportedly close to presenting an official bid to acquire 250 feddans in Dream Land owned by National Bank of Egypt (NBE) and Banque Misr owned Misr Real Estate Assets, sources at NBE told Al Shorouk. Negotiations between Misr Real Estate Assets and Hassan Allam have reportedly stopped due to disagreement over the price. […]
Posted inTourism
Matrouh governor signs agreement with Wadi Degla to establish touristic project in Daba’a
Matrouh’s governor signed an agreement with Wadi Degla Developments to establish a resort, including two hotels, in Daba’a with an investment value of EGP 855 mn over three years, according to Al Mal.
Posted inTelecoms + ICT
Orange Egypt is ready to roll out 4G services once trial run is completed
Orange Egypt said it is ready to launch 4G services once its trial run is completed and receives NTRA approval to launch, Al Masry Al Youm reported. Orange Egypt said it invested EGP 2 bn in preparing its networks to provide 4G services, according to Al Mal. The news comes despite the NTRA reportedly asking […]
Posted inTelecoms + ICT
InnJoo looking for domestic partner to begin local manufacturing
Dubai-based InnJoo is looking to expand its activities in Egypt, specifically by looking for a domestic partner to begin manufacturing its products locally, Al Borsa reports. According to InnJoo’s regional manager, Ahmed Kandil, the company is aiming to secure a market share of at least 6% in smartphones.
Posted inAutomotive + Transportation
Government to establish airport in East Sinai to service Gulf of Suez and surroundings
The government is reportedly in the process of building an airport in East Sinai to service the Gulf of Suez and surrounding areas, according to Suez Canal Economic Zone chief Ahmed Darwish, Youm7 reports.