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Port Said for Engineering Works to build USD 80 mn foil factory. PLUS: Turkish, Chinese investors invest USD 50 mn in sanitary ware production in Egypt
Port Said for Engineering Works is set to establish a USD 80 mn aluminum foil factory
Egyptian-Chinese JV to set up USD 360 mn tire factory in the SCZone
Production is expected to kick off by the end of 2025
Sidpec to set up a USD 159 mn sodium cyanide factory + DP World to look into setting up a freezone in the new capital
Sodium cyanide is the solution commonly used for gold extraction
SCZone, Egyptian Holding Company for Silos and Storage to build USD 153 mn grain complex
The facility will store up to 6 mn tons of grain annually
Intro Tech and Oman Data Park to establish a USD 450 mn data center
The data center will partially rely on sustainable technology
Premium Healthcare wants to increase its capital. PLUS: News from SCZone, Magnom Properties
The company is considering raising its capital through share swaps with acquired entities
China’s Dayun wants to start locally assembling passenger EVs, trucks, and light transport vehicles. PLUS: Midar, Cairo 3A, Raya CX
The company’s expansion plans involve establishing new production lines and expanding the percentage of local components used
Alexandria for Industrial Development to build USD 120 mn worth of turnkey factories for foreign companies. PLUS: United Bank, Fawry, Raya CX, eAswaaq + Post for Investment, Trellix
The company is currently setting up a pipe manufacturing facility for a Chinese investor
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