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Germany’s ThyssenKrupp to develop production units for Abu Qir Fertilizers
Germany’s ThyssenKrupp agreed to help Abu Qir Fertilizers develop two production units for a total cost of EUR 133 mn,…
MANUFACTURING-
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Unlicensed factories have one year to comply with Industrial Permits Act
Trade and Industry Minister Tarek Kabil issued new directives last week that will allow unlicensed factories to receive temporary industrial…
Bosch looks to expand its investments in Egypt
German engineering and electronics firm Bosch is looking at expanding their investments in Egypt,said Trade Minister Tarek Kabil following a…
Schneider Electric to boost domestic component of products to 50%
Schneider Electric wants to increase the domestic component of products it manufactures locally to 50% from a current 40%, MEA…
IDA, Singapore’s SECC to build industrial city in Fayoum
The Industrial Development Authority (IDA) signed an MoU with Singapore’s SECC Group yesterday to establish a 33 mn sqm industrial…
Trade Ministry signs MoU with Siemens on industrial development
The Trade and Industry Ministry signed yesterday an MoU with Siemens Egypt to train the industrial labor force and implement…
Indian companies to cooperate with Egyptian textile manufacturers
An unnamed Indian company is planning to invest EGP 40 mn in Egypt’s textile sector, and will increase its investment…
Panasonic plans to double its business in Middle East, Africa
Panasonic is planning to more than double its Middle East and Africa business in its current fiscal year, which ends…
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