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IDG to invest EGP 3 bn developing its zones this year
IDH currently owns three industrial zones
Budget supermarket chain Kazyon is set to fully acquire Minya’s Upper Egypt for Concentrates. PLUS: Tanmiya Capital Ventures + Vital Pharma, Bel Egypt, Pickalbatros, Bolt, Akh Gold, Erada Microfinance
The acquisition will be financed via a capital increase of an unspecified size
Organi Group to launch region’s first chlorine pellet plant with USD 100 mn investment
The plant is expected to launch by year-end, and could save Egypt USD 200 mn in import costs
Financing negotiations back on for Feerum’s long-awaited silo factory. PLUS: Kima + Al Sharq, General Motors, Chevron
The project now carries a revised price tag of EGP 2.5 bn, up from EGP 1.6 bn previously
Cabinet greenlights EGP 30 bn industrial initiative, grants two multi-mn projects golden licenses
The initiative aims to provide financial facilities for private sector companies to purchase machinery, equipment, or production lines
Turkish clothing producer Katia & Bony to invest USD 50 mn in local manufacturing
The deluge of Turkish investment in local manufacturing comes as Turkey faces consistent high inflation
Turkish textile manufacturer to invest USD 50 mn in sock manufacturing
Good afternoon all you wonderful people, and happy Wednesday. Cold days haven’t slowed down the news cycle one bit —…
Government lays out target to slash customs times to two days by the end of this year. PLUS: Saudi Egyptian Industrial Investment, Orascom Financial Holding + Klivvr Holding, NIO, Prometeon Tyre, Bonyan
The government also recently inked agreements with Saudi Arabia, UAE, and Bahrain to cut the time down from a few…
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