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Raya signs USD 3.5 mn agreement with Samsung to manufacture washing machines
A subsidiary of Raya Holding signed a partnership agreement with Samsung to manufacture top-loading washing machines, according to a bourse…
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DANEVO to establish security device plant
Security systems distributor DANEVO is planning to establish a 5,000 sqm factory in either Port Said or the Suez Canal…
Three firms awarded industrial development allocations in Sadat City
Polaris Parks, Elsewedy Electric’s Pyramid Industrial Parks (PIParks) and Construction Products Holding Company (CPC) were awarded contracts for industrial land…
Procedures for Suez petrochem complex initiated
The government has initiated procedures for the establishment of a petrochemical complex in Suez, Oil Minister Tarek El Molla said…
GMC to invest EGP 165 mn in 2018
GMC Group For Industrial Commercial and Financial Investments plans on investing EGP 165 mn in 2018, President Mohamed Geneidy said…
AOI in talks with Polish company to build tractor factory in Egypt
The Arab Organization of Industrialization (AOI) has begun talks with an unnamed Polish company to set up a tractor factor…
Factory bailout fund to start work next week
The government’s EGP 150 mn bailout fund will start financing the first phase of idle factories next week,Chairman of Tahya…
Oriental Weavers to invest EGP 120 mn in production lines and equipment
Oriental Weavers is planning on spending EGP 120 mn on new production lines, machinery, and equipment over the next year,…
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