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Chinese investors ink USD 9.5 mn worth of industrial project in TEDA
The new investments are the latest in a series of agreements for big ticket Chinese projects in the industrial park
NUCA to hand out plots to four industrial developers within days. PLUS: News from BluEV, TMG, and Tabreed
NUCA will hand out a total of 4.6 mn-sqm plots in New 6 October City
GV Auto signs agreement with China’s FAW to manufacture, assemble, distribute, and export EVs
The companies plan to establish a hub from which they aims to export EVs from Egypt
SEIC to conduct due diligence on CIRA ahead of acquisition plans. PLUS: News from TMG, Cleopatra, and Bokra
Baker Tilly will act as the transation’s financial advisor and prepare a fair value study for CIRA’s shares
Banque Misr’s MDI has poured some EGP 2.5 bn into Onebank. PLUS: News from Elsewedy Electric, OPay, Edita
MDI received preliminary approval last week from the Central Bank of Egypt to launch Onebank
Raw material availability is still a hurdle for local industry
Last year, the Industrial Development Authority offered 152 projects for production inputs for five critical industries
Egyptian farmers in Greece. PLUS: Fresh investments from Prometeon and DisrupTech and an outsourcing freezone?
Greece could extend seasonal employment contracts to Egyptian construction and tourism workers as well
Eva Pharma gears up to roll out veterinary vaccines from its new complex
The company has already invested EGP 980 mn on the first phase of the EGP 1.8 bn complex
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