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Mitsubishi to begin assembling cars in Egypt
Mitsubishi Motors is planning to start assembling cars in Egypt using a Nissan-owned plant, the local press reports, quoting sources…
Also on our radar on 16 February 2021
More on the state’s plan to overhaul spinning and weaving: The Public Enterprises Ministry’s bid to streamline state-owned spinning and…
Magic sauce for industry: Lower natgas costs + new legislation?
Manufacturers could get lower natural gas prices if the House Industry Committee gets its way, with the committee lobbying Oil…
IFC to provide USD 30 mn in financing to glass maker Pasabahce Egypt
The International Finance Corporation (IFC) is lending USD 30 mn to the Egyptian arm of Turkish glassmaker Pasabahce to help…
CTP Invest to build USD 600 mn worth of business parks in Egypt
European industrial developer CTP Invest plans to invest USD 300-600 mn in Egypt over the next five years, according to…
A busy day in the House
The House of Representatives was busy yesterday pushing through new bills, granting final and committee-level nods to others and signing…
What will it take to get electric cars on the road?
Infinity Solar subsidiary Infinity-E will install 300 electric car charging docks across Egypt by 2023 as part of an ongoing…
Auto component industry feels the covid burn
Sales of auto components fell 20-30% in 2020 as the pandemic caused a slowdown in the domestic auto assembly industry,…
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