{"id":548310,"date":"2022-08-03T04:00:11","date_gmt":"2022-08-03T04:00:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/03\/vitro-could-invest-usd-400-mn-in-egypt-more-interest-from-qatari-investors\/"},"modified":"2022-08-03T04:00:11","modified_gmt":"2022-08-03T04:00:11","slug":"vitro-could-invest-usd-400-mn-in-egypt-more-interest-from-qatari-investors","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/03\/vitro-could-invest-usd-400-mn-in-egypt-more-interest-from-qatari-investors\/","title":{"rendered":"Vitro could invest USD 400 mn in Egypt + more interest from Qatari investors"},"content":{"rendered":"

<\/a> One of the world\u2019s largest glass companies could be coming to Egypt:<\/strong> Mexican glass manufacturer Vitro<\/a> plans to expand to Egypt and invest USD 400 mn to build two factories, GAFI head Mohamed Abdel Wahab said at a meeting with Prime Minister Moustafa Madbouly yesterday, according to a cabinet statement<\/a>. The factories would produce flat glass and glass containers \u2014 most of which would be exported abroad \u2014 and create 1.5k jobs, the statement said.<\/p>\n

Vitro is one of the largest glass manufacturers in the world<\/strong>, though doesn\u2019t yet have a presence in Africa. The company is present across North America, several countries in South America and Europe, and in China.<\/p>\n

ALSO FROM THE MEETING- <\/strong><\/p>\n

More on potential Qatari investments: <\/strong>A group of Qatari investors is looking to invest in a number of projects in Egypt, Abdel Wahab said, without disclosing how much they plan to invest. They include a 25k-feddan project to grow grains, a livestock farm with capacity for 50k animals, a hospital, and a mall.<\/p>\n

Qatar said in March it would invest USD 5 bn in Egypt<\/strong> to help shore up the economy. Qatari officials have so far discussed investing USD 2-3 bn<\/a> in Egypt\u2019s real estate sector and equity stakes in companies with the Madbouly government.<\/p>\n

The government has been stepping up its efforts to attract fresh FDI into the country: <\/strong>Egypt has been pushing to lure investments into the country from across the world, but particularly from allies in the GCC, who pledged over USD 22 bn in support of our finances.<\/p>\n","protected":false},"excerpt":{"rendered":"

One of the world\u2019s largest glass companies could be coming to Egypt: Mexican glass manufacturer Vitro plans to expand to Egypt and invest USD 400 mn to build two factories, GAFI head Mohamed Abdel Wahab said at a meeting with Prime Minister Moustafa Madbouly yesterday, according to a cabinet statement. The factories would produce flat […]<\/p>\n","protected":false},"author":1,"featured_media":548311,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[72,7196,125,131,1728,296,2206],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam","tag-industry","tag-investment-watch","tag-manufacturing","tag-mexico","tag-qatar","tag-vitro","wpautop","entry"],"acf":{"mongo_id":"c301fc87-5800-49e6-abe2-701f615564be","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/8\/127.jpg","photo_position":"above","related_issue":[548302],"teaser":"","voice_url":""},"yoast_head":"\nVitro could invest USD 400 mn in Egypt + more interest from Qatari investors - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/03\/vitro-could-invest-usd-400-mn-in-egypt-more-interest-from-qatari-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vitro could invest USD 400 mn in Egypt + more interest from Qatari investors\" \/>\n<meta property=\"og:description\" content=\"One of the world\u2019s largest glass companies could be coming to Egypt: Mexican glass manufacturer Vitro plans to expand to Egypt and invest USD 400 mn to build two factories, GAFI head Mohamed Abdel Wahab said at a meeting with Prime Minister Moustafa Madbouly yesterday, according to a cabinet statement. 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PLUS: Danone to invest here this year.","author":"enterpriseam admin","date":"26 March 2023","format":false,"excerpt":"This is the latest in a string of Chinese investment in Egypt\u2019s manufacturing and infrastructure sectors","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/407.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547589,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/28\/more-promising-sounds-on-incoming-qatari-investment-this-time-from-maait\/","url_meta":{"origin":548310,"position":2},"title":"More promising sounds on incoming Qatari investment, this time from Maait","author":"enterpriseam admin","date":"28 June 2022","format":false,"excerpt":"Qatari officials have discussed investing USD 2-3 bn in the local market in talks with the Madbouly government, Finance Minister Mohamed Maait told reporters on the sidelines of Amcham\u2019s annual general meeting yesterday, according to Al Mal. The inflows would come in the form of purchases in \u201ccompany stakes and\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/322.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572350,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/22\/pg-to-invest-usd-50-mn-over-next-18-months-to-expand-manufacturing\/","url_meta":{"origin":548310,"position":3},"title":"P&G to invest USD 50 mn over next 18 months to expand manufacturing","author":"enterpriseam admin","date":"22 June 2020","format":false,"excerpt":"INVESTMENT WATCH- P&G to invest USD 50 mn in Egypt by the end of 2021 to expand manufacturing: Procter & Gamble (P&G) is planning to invest USD 50 mn by the end of 2021 to expand production capacity, Near East Vice President Tamer Hamed told GAFI Chairman Mohamed Abdel Wahab,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576883,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/01\/more-talk-of-qatari-fdi\/","url_meta":{"origin":548310,"position":4},"title":"More talk of Qatari FDI","author":"enterpriseam admin","date":"1 November 2022","format":false,"excerpt":"More talk of incoming Qatari FDI: Egyptian investment authority GAFI and the Qatari Businessmens\u2019 Association held another in a string of recent meetings to discuss potential investments yesterday, according to a cabinet statement. Members of the Qatari delegation expressed interest in our health and education sectors as well as in\u2026","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549365,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/14\/oppo-set-to-assemble-mobile-phones-in-egypt-as-madbouly-reviews-investment-pledges\/","url_meta":{"origin":548310,"position":5},"title":"Oppo set to assemble mobile phones in Egypt as Madbouly reviews investment pledges","author":"enterpriseam admin","date":"14 September 2022","format":false,"excerpt":"All the industrial investment: Chinese mobile maker Oppo has inked an agreement to build a USD 20 mn factory in Egypt. The announcement came the same day Prime Minister Moustafa Madbouly met with nine foreign and local companies to follow up on pledges to invest more than USD 1 bn\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/215.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=548310"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548310\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/548302"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/548311"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=548310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=548310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=548310"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=548310"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=548310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}