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German companies mull EUR 1 bn iron factory, EUR 30 mn flame-resistant material factory, EUR 5 mn bicycle parts factory
The iron factory is expected to have a capacity of 2.5 mn tons per year
Gov’t targeting 50% vaccine localization by 2030. PLUS: Flydubai, E-finance + Cassava, Ezz Steel
The government is also targeting vaccine manufacturing self-sufficiency by 2040
Al Mansour Automotive and China’s SAIC to build MG assembly plant
The factory is expected to begin production within the next two years
Rebranding gone wrong?
Jaguar’s rebranding have stirred up some criticism
Al Mashat meets with EU delegation to discuss unlocking EUR 1.8 bn investment guarantee mechanism
The investment guarantees were first announced back in March as part of the bloc’s EUR 7.4 bn aid package for…
Chinese automaker FAW to return to the market with new local agent. PLUS: Arab Contractors, Orascom Investment, ICON, Wadi Degla Developments, MG Development, Egypt Castings
Geyushi Motors was Egypt's agent for China's FAW Group up until four years ago when their partnership expired
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
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