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Industry wants a specialized accounting framework to account for FX costs amid currency crunch
Manufacturers are forced to source their USD needs at a higher rate from the parallel market
ACWA Power’s Kom Ombo solar plant to finish construction by April 2024. PLUS: MSME financing, GB Auto loan, Chinese investment, InDrive + Cargas
The 200-MW solar plant being built in Upper Egypt is now 82% complete
Egyptian-British JV to set up animal feed factories worth USD 30 mn
The first of the four factories is slated to come online in two months
JV plans USD 100 mn investment to localize the production of Geely cars
The JV wants to begin production in 4Q 2024
The Madbouly government is getting behind local industry in bid to drum up FX
PM Madbouly has been visiting an industrial zone every month as part of a campaign to support local industry
Recapping Egypt’s manufacturing development strategy through to 2030
Government sees transformative industries accounting for 20% of GDP by 2030
AD Ports inks USD 3 mn initial agreement to run three cruise terminals. PLUS: ex-NDP HQ complex, Russian EV factory, Tasweyat capital increase
AD Ports is expected to ink the final 15-year concession agreement in 1Q 2024
Egyptian Competition Authority slams 33 printing presses for violations. PLUS: Egyptalum raises prices
The companies were found to have coordinated with each other to rig the tender
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