{"id":569471,"date":"2020-02-25T04:42:02","date_gmt":"2020-02-25T04:42:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/25\/egypt-in-the-news-on-25-february-2020\/"},"modified":"2020-02-25T04:42:02","modified_gmt":"2020-02-25T04:42:02","slug":"egypt-in-the-news-on-25-february-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/25\/egypt-in-the-news-on-25-february-2020\/","title":{"rendered":"Egypt in the News on 25 February 2020"},"content":{"rendered":"

Egypt\u2019s furniture craftsmen aren\u2019t all that keen on relocating to the Damietta Furniture <\/strong>City<\/strong>, which the government spent EGP 3.6 bn to develop with a goal of creating a hub for all furniture makers, Reuters says<\/a>. The craftsmen, who already own workshops in Damietta, say they don\u2019t have the money to relocate to the furniture city, and complain that it is far from their homes. The government has so far sold around 400 of the 1,400 workshops in the new city.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s furniture craftsmen aren\u2019t all that keen on relocating to the Damietta Furniture City, which the government spent EGP 3.6 bn to develop with a goal of creating a hub for all furniture makers, Reuters says. The craftsmen, who already own workshops in Damietta, say they don\u2019t have the money to relocate to the furniture […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[7233],"tags":[2386,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-569471","post","type-post","status-publish","format-standard","hentry","category-egypt-in-the-news","tag-egypt-in-the-news","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"872f7bdf-e8e4-4bfa-bbc6-32f38a00d592","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[569449],"teaser":"","voice_url":""},"yoast_head":"\nEgypt in the News on 25 February 2020 - 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\/2020\/02\/25\/egypt-in-the-news-on-25-february-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt in the News on 25 February 2020\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s furniture craftsmen aren\u2019t all that keen on relocating to the Damietta Furniture City, which the government spent EGP 3.6 bn to develop with a goal of creating a hub for all furniture makers, Reuters says. 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The project is a 20-minute drive from downtown Damietta, and will include 150 furniture factories, some 1500 smaller workshops, exposition halls, banks, hotels and other\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628434,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/03\/damietta-furniture-city-to-issue-phase-two-tenders-in-june\/","url_meta":{"origin":569471,"position":1},"title":"Damietta Furniture City to issue phase two tenders in June","author":"enterpriseam admin","date":"3 May 2018","format":false,"excerpt":"The Damietta Furniture City will issue land and factory tenders for phase two of the project in June, according to Governor Ismail Taha. The tenders for 620k sqm of land and over 1,400 workshops were scheduled to be issued in April, but had to be postponed due to delays in\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629831,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/02\/govt-establishes-specialized-investment-zone-in-damietta\/","url_meta":{"origin":569471,"position":2},"title":"Gov\u2019t establishes specialized investment zone in Damietta","author":"enterpriseam admin","date":"2 April 2018","format":false,"excerpt":"Prime Minister Sherif Ismail issued a decision yesterday establishing a specialized investment zone in Damietta for furniture manufacturing and related industries, Al Mal reports. The Damietta Furniture City Company will develop and manage the 331-feddan zone, which will also include hotels, shopping malls, hospitals, and other services. 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The Damietta Furniture City Company is a 331-feddan furniture manufacturing complex that will be completed by 2022. The\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":605044,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/19\/damietta-furniture-city-military-production-ministry-to-build-egp-3-bn-mall\/","url_meta":{"origin":569471,"position":4},"title":"Damietta Furniture City, Military Production Ministry to build EGP 3 bn mall","author":"enterpriseam admin","date":"19 December 2018","format":false,"excerpt":"The Damietta Furniture City Company and a Military Production Ministry subsidiary will build a EGP 3 bn furniture mall in Damietta Furniture City, sources close to the matter said, according to Al Mal. The project will be funded through the ministry.","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645839,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/damietta-furniture-city-company-in-talks-with-cib-and-qnb-for-egp-800-mn-loan\/","url_meta":{"origin":569471,"position":5},"title":"Damietta Furniture City Company in talks with CIB and QNB for EGP 800 mn loan","author":"enterpriseam admin","date":"31 July 2017","format":false,"excerpt":"Damietta Furniture City Company \u2014 which operates the Damietta Furniture City complex \u2014 is in negotiations with CIB and QNB for an EGP 800 mn loan, Al Borsa reports. 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