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International investment heats up Egypt’s home appliances sector
International companies are looking to turn Egypt into a manufacturing and export hub for home appliances, with several companies moving…
Egypt inks 14 agreements with Chinese firms during China-Egypt Zhejiang Economic Forum
The projects include a USD 800 mn fiberglass factory and a power generation center
Turkey’s DNM inks contract to set up denim factory. PLUS: News from Heliopolis Housing, InDrive, Air Arabia
DNM last month received approval to move forward with the denim factory
Gov’t plans for industrial zone development
Manufacturers want to see lower land prices in industrial zones
Misrayon & Polyester Fiber resumes exports. PLUS: News from El Maco and MoneyHash
The company has shipped five containers of artificial silk to Turkey
Elsewedy to break ground on its New October industrial park within weeks + ramp up Gulf expansions
The company’s upgrades to its Saudi factory are scheduled to wrap up by late 2024
Offers roll in for the rehabilitation of EgyptAlum. PLUS: News from Valu, B Investments, Rixos Hotels
Emirati Fleet Energy, and Chinese Nonferrous Metal Mining Group have both submitted technical offers
Gov’t greenlights EGP 120 bn subsidized loan program to support industry and agriculture
The 15% interest rate charged is nearly half the central bank's post-float 28.25% lending rate
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