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Al Mansour Automotive and China’s SAIC to build MG assembly plant
The factory is expected to begin production within the next two years
Gov’t wants the industrial sector to contribute 20-30% of GDP
Good afternoon folks, and happy Tuesday. Despite the slow news day, the presses here at EnterpriseAM are still churning —…
Jade Textile eyes three new factories for USD 180 mn. PLUS: Giza Spinning and Weaving, DHL, Ebda, Ashry Steel, Ecole Ducasse, Shell, SIAC, E-finance
The company is planning to double its production capacity with the investment
Prime Minister Mostafa Madbouly gearing up to announce “positive news” on airport privatization plans. PLUS: Infinity Power + Masdar + Hassan Allam Utilities, Paytabs + Azimut, Bagatyan Gold
IFC Africa head Sérgio Pimenta added that important progress had been made on the airport privatization plan
SCZone signs land agreement with Orascom Industrial Parks for EGP 13 bn complex
The multi EGP bn project will cover a 3.3 sq km area and create over 30k jobs
Turkish firms Erciyas and Eroglu working on setting up garments, pipeline factories. PLUS: Green Core + Egyptian Electronic Waste Recycling Company, EBRD + Red Sea Wind Energy, Suez Canal Bank + Mint Real Estate Assets, Sympl, Talabat, eNovate
The factory will focus on producing large-pressure pipes with the aim of generating USD 200 mn in revenues
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
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