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Suez Canal Ports Company in the running for EGP 4 bn Taba Port development project. PLUS: Marco Group, Madinet Masr
The port is slated to give local exports access to new markets at lower costs
Italy’s Mapei opens EUR 25 mn chemicals plant
The company aims to position the facility as a regional production and export hub
China’s Befar kicks off construction on USD 500 mn green chemical plant — an Egypt first
The USD 300 mn first phase will be completed within 18 months
Three car industry players step up investments in assembly, manufacturing
The investment includes a USD 10 mn vehicle filter plant in the Tenth of Ramadan
Minya, Fayoum are getting new textile industrial zones that could bring in USD 3 bn in investment
The textile zone in Minya will cost EGP 12 bn, while the one in Fayoum will cost EGP 15 bn
Chinese players break ground on USD 58 mn worth of factories in the SCZone
The two projects will come online in 2H 2026
France’s Airbus, Servier, Societe Generale and others mull Egypt investments
Planemaker Airbus outlined plans to expand its local helicopter manufacturing and maintenance operations
LNG regasification unit from Germany to dock in June under five-year lease agreement. PLUS: Eni, Simplex, Rabbit, Maseera Holding + Adva, IGT Solutions
Egypt will lease the vessel at an estimated cost of USD 80 mn per year
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