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Egypt, UAE ink investments for solar plants, solar parts factories, and renewables-focused industrial zone
The agreements included the establishment of a floating solar plant on Lake Nasser
Egypt in talks to push back LNG shipments on the back of limited regasification capacity, sufficient domestic supply. PLUS: Ghabbour Foundation + Investing for Employment, Infinity + Recharged, Mountain View, eNovate + Mastercard
The shipments are part of the 20 cargoes that the government bought to cover domestic needs between October and December
El Nasr Auto and Al Safy Group form auto assembly JV with USD 40 mn in initial investments
Three locally assembled models are slated for launch by mid-2025
Al Safy to invest USD 80 mn to develop its television, smartphone production lines. PLUS: Exeed, Mineral Resources Authority, Raya Holding + Helios, ICT Misr, Orange Egypt
The firm plans to expand the factory’s product range to include smartwatches, routers, advanced cameras, and speakers moving forwards
Manufacturer of the Month: Turkish home appliance manufacturer Beko
Beko aims to make Egypt its regional hub, serving the Middle East and Africa
El Nasr Automotive restarting production put the country's efforts to localize the auto industry in the limelight
The firm has officially restarted operations after a 15-year hiatus
El Nasr Automotive back in gear after 15-year assembly pause
The automaker’s factory currently has an annual production capacity of 300 buses, which the company hopes to increase 1.5k by…
Port Said for Engineering Works to build USD 80 mn foil factory. PLUS: Turkish, Chinese investors invest USD 50 mn in sanitary ware production in Egypt
Port Said for Engineering Works is set to establish a USD 80 mn aluminum foil factory
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