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News of more freezones + flights
MANUFACTURING- Eleven new freezones? The government has prepared a list of sites in 11 cities it plans to offer to…
With mandatory pricing + FX pressures, Egypt’s pharma industry is trying to keep its head above water
Manufacturers are looking to produce vitamins and cosmetics to help offset losses
SCZone inks framework agreements for five industrial projects
The SCZone head Walid Gamal El Din said the agreements signed are the first of 50 others in the works
Gov’t’s Pharos Energy bill rises to USD 37 mn. PLUS: Schneider solar projects, Tata Motors team up with MM Group, ValU + Bosta + PayTabs, Heliopolis Housing project, Nokia factory, new ADIB microfinance firm
The company intends to refrain from retrieving its USD-denominated receivables due to the exchange rate volatility.
Industry wants a specialized accounting framework to account for FX costs amid currency crunch
Manufacturers are forced to source their USD needs at a higher rate from the parallel market
ACWA Power’s Kom Ombo solar plant to finish construction by April 2024. PLUS: MSME financing, GB Auto loan, Chinese investment, InDrive + Cargas
The 200-MW solar plant being built in Upper Egypt is now 82% complete
Egyptian-British JV to set up animal feed factories worth USD 30 mn
The first of the four factories is slated to come online in two months
JV plans USD 100 mn investment to localize the production of Geely cars
The JV wants to begin production in 4Q 2024
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