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Xinxing scales back planned steel plant
The company had reduced the size of the plant by half, and will now invest USD 930 mn in the…
IDG-led consortium to sign MoU to develop Beni Suef dry port. PLUS: Jumia + Aman, Valu + EBI, Rakta + Al Ahly Pharos, Kima + Tecnimont
The port project could require some USD 500 mn according to a local news outlet
A look at industrial zone expansion in Egypt
There are industrial zones across most governorates in Egypt
Siemens, Intro Group to build power plants in Egypt, the region. PLUS: News from the SCZone, Cheiron, Qasatli, Mashreq, and EdVentures.
The two firms will establish facilities producing a combined 300 MW of power by 2030
EBRD to lend USD 50 mn to copper manufacturer UMC
The loan will fund UMC’s FX liquidity for raw material imports
Suez Canal transit fees to rise next year. PLUS: News from the FRA
The government now expects canal revenues to rise by more than a third this year to USD 10.3 bn
Elsewedy and Al Kharafi grab electricity transformer station contracts
The government has EGP 7 bn project to establish nine transformer stations in partnership with the private sector
SCZone secures over USD 100 mn in Chinese textile projects + Turkish companies looking to expand here
The SCZone head and representatives met with Chinese investors yesterday during the Shanghai leg of its China roadshow
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