{"id":575074,"date":"2020-10-01T04:00:16","date_gmt":"2020-10-01T04:00:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/01\/amazon-mulls-egypt-as-manufacturing-and-export-hub-fine-says-it-will-double-its-investment-in-egypt\/"},"modified":"2020-10-01T04:00:16","modified_gmt":"2020-10-01T04:00:16","slug":"amazon-mulls-egypt-as-manufacturing-and-export-hub-fine-says-it-will-double-its-investment-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/01\/amazon-mulls-egypt-as-manufacturing-and-export-hub-fine-says-it-will-double-its-investment-in-egypt\/","title":{"rendered":"Amazon mulls Egypt as manufacturing and export hub, Fine says it will double its investment in Egypt"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- Amazon might be looking to set up shop in Egypt:<\/strong> Amazon is looking at whether Egypt could be a hub for the manufacture of its own-brand products \u2014 and for exports to the wider region, Amazon MENA Head of Public Policy Dalia Seif El Nasr said during a meeting with Trade Minister Nevine Gamea, according to a cabinet statement<\/a>. Amazon contracts for the manufacture of goods include apparel and houseware under brands including Amazon Basics as well as electronics such as its Kindle readers and Alexa smart speaker. The company is also looking to have more local manufacturers sell their products via Amazon\u2019s marketplace, according to Seif El Nasr. Amazon currently operates in Egypt under the Souq brand, which it acquired in early 2017<\/a>.<\/p>\n

OTHER INVESTMENT NEWS- <\/strong>Tissue and sanitary products manufacturer Fine is <\/strong>planning to almost double its investments in Egypt <\/strong>through 2021. The company is earmarking USD 35 mn to \u201cdiversify its portfolio of hygienic products in Egypt,\u201d the company said in a statement (pdf)<\/a> yesterday, which CEO James Michael Lafferty told Ahram Online<\/a> would bring its total investments to USD 63 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Amazon might be looking to set up shop in Egypt: Amazon is looking at whether Egypt could be a hub for the manufacture of its own-brand products \u2014 and for exports to the wider region, Amazon MENA Head of Public Policy Dalia Seif El Nasr said during a meeting with Trade Minister Nevine […]<\/p>\n","protected":false},"author":1,"featured_media":575075,"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":[8572],"tags":[318,5996,199,72,2964,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-amazon","tag-dalia-seif-el-nasr","tag-e-commerce","tag-enterpriseam","tag-souq","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e1902cf1-dcf6-45d3-a65f-02ee50aa1ea2","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/10\/17.jpg","photo_position":"above","related_issue":[575069],"teaser":"","voice_url":""},"yoast_head":"\nAmazon mulls Egypt as manufacturing and export hub, Fine says it will double its investment in Egypt - 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The move will give \u201clocal businesses the opportunity to reach more customers across the country,\u201d according to the statement. The e-commerce giant had operated in Egypt\u2026","rel":"","context":"In "SPEED ROUND: RETAIL"","block_context":{"text":"SPEED ROUND: RETAIL","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-retail\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/458.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557003,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/amazon-eg-is-officially-a-thing-now\/","url_meta":{"origin":575074,"position":1},"title":"Amazon.eg is officially a thing now","author":"enterpriseam admin","date":"2 September 2021","format":false,"excerpt":"Amazon.eg today replaced Souq.com as Amazon\u2019s selling platform in Egypt, according to a statement (pdf) from the e-commerce giant.So long, Souq: The rebrand means that Amazon has now retired the Souq.com brand everywhere. After acquiring the Dubai-based e-commerce platform in 2017, Amazon replaced the site with Amazon.ae in the UAE\u2026","rel":"","context":"In "E-commerce"","block_context":{"text":"E-commerce","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/e-commerce\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/29.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556963,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/01\/amethis-hits-first-close-on-fund-with-big-egypt-earmark-amazon-inaugurates-10-ramadan-warehouse\/","url_meta":{"origin":575074,"position":2},"title":"Amethis hits first close on fund with big Egypt earmark + Amazon inaugurates 10 Ramadan warehouse","author":"enterpriseam admin","date":"1 September 2021","format":false,"excerpt":"Amethis\u2019 new private equity fund has a big Egypt earmark, will see the firm open an office here: Africa-focused, Paris-headquartered private equity outfit Amethis could invest more than EUR 30 mn in Egyptian SMEs after it hit a first close of its second MENA fund, Enterprise understands. The firm this\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\/2021\/9\/12.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":638256,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/01\/cabinet-decrees-limited-changes-to-state-owned-banks-management-and-boards\/","url_meta":{"origin":575074,"position":3},"title":"Cabinet decrees \u201climited\u201d changes to state-owned banks\u2019 management and boards","author":"enterpriseam admin","date":"1 October 2017","format":false,"excerpt":"MOVES- Limited changes to management, boards of state-owned banks: The Ismail cabinet approved on Thursday changes to the boards and management of a number of state-owned banks, according to a statement picked up by Al Borsa.CBE Deputy Governor Tarek Fayed was appointed chairman of Banque du Caire, replacing Mounir El\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":650489,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/26\/emaar-malls-makes-usd-800-mn-bid-for-souq-challenging-amazon\/","url_meta":{"origin":575074,"position":4},"title":"Emaar Malls makes USD 800 mn bid for Souq, challenging Amazon","author":"enterpriseam admin","date":"26 March 2017","format":false,"excerpt":"Emaar Malls has made a USD 800 mn bid to acquire Souq, challenging Amazon\u2019s USD 650 mn offer to the regional online retailer, Bloomberg reports, citing sources close to the transaction. The regional malls giant\u2019s offer includes a USD 500 mn convertible deposit, according to the sources, and no final\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":640913,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/souq-acquires-wing-ae\/","url_meta":{"origin":575074,"position":5},"title":"Souq acquires Wing.ae","author":"enterpriseam admin","date":"7 September 2017","format":false,"excerpt":"M&A WATCH- Amazon subsidiary Souq.com has acquired Wing.ae, a startup that is building out a network for Prime-style same-day and next-day deliveries for various e-commerce marketplaces, according to TechCrunch\u2019s Ingrid Lunden. 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