{"id":578525,"date":"2023-01-03T03:41:32","date_gmt":"2023-01-03T03:41:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/03\/elsewedy-electric-proposes-egp-20-bn-industrial-zone-west-of-cairo\/"},"modified":"2023-01-03T03:41:32","modified_gmt":"2023-01-03T03:41:32","slug":"elsewedy-electric-proposes-egp-20-bn-industrial-zone-west-of-cairo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/03\/elsewedy-electric-proposes-egp-20-bn-industrial-zone-west-of-cairo\/","title":{"rendered":"Elsewedy Electric proposes EGP 20 bn industrial zone west of Cairo"},"content":{"rendered":"

<\/a> Elsewedy Electric wants to build an industrial park in New 6 October City: <\/strong>Elsewedy Electric is in talks with the government to build a new industrial zone in New 6 October City<\/a> and will soon look to draw up contracts for the project, according to a cabinet statement<\/a>. The three-phase project could attract investments worth EGP 20 bn, create 150k jobs, and add EGP 5 bn to the country\u2019s annual GDP once complete, Elsewedy Electric CEO Ahmed El Sewedy said in the statement, without giving a potential timeline for its construction.<\/p>\n

The details: <\/strong>The 5-mn-square-meter industrial zone would be among the country\u2019s largest, housing more than 400 factories, 100 logistics and commercial facilities, a park, and a technical training academy, according to Elsewedy. It would be located near the 6 October dry port, which began trial operations in November<\/a>, and linked by railway to Alexandria port. The company set up to build and operate the 6 October dry port is 70% owned<\/a> by Elsewedy Electric.<\/p>\n","protected":false},"excerpt":{"rendered":"

Elsewedy Electric wants to build an industrial park in New 6 October City: Elsewedy Electric is in talks with the government to build a new industrial zone in New 6 October City and will soon look to draw up contracts for the project, according to a cabinet statement. The three-phase project could attract investments worth […]<\/p>\n","protected":false},"author":1,"featured_media":578526,"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":[7255],"tags":[6492,130,152,72,7111,125,131,6493],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-ahmed-el-sewedy","tag-construction","tag-elsewedy-electric","tag-enterpriseam","tag-infrastructure","tag-investment-watch","tag-manufacturing","tag-new-6-october-city","wpautop","entry"],"acf":{"mongo_id":"69e5b6a4-8f74-49e1-9b9f-082047c9d771","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/1\/40.jpg","photo_position":"above","related_issue":[578511],"teaser":"","voice_url":""},"yoast_head":"\nElsewedy Electric proposes EGP 20 bn industrial zone west of Cairo - 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\/2023\/01\/03\/elsewedy-electric-proposes-egp-20-bn-industrial-zone-west-of-cairo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elsewedy Electric proposes EGP 20 bn industrial zone west of Cairo\" \/>\n<meta property=\"og:description\" content=\"Elsewedy Electric wants to build an industrial park in New 6 October City: Elsewedy Electric is in talks with the government to build a new industrial zone in New 6 October City and will soon look to draw up contracts for the project, according to a cabinet statement. The three-phase project could attract investments worth […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/03\/elsewedy-electric-proposes-egp-20-bn-industrial-zone-west-of-cairo\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-03T03:41:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/40.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/03\/elsewedy-electric-proposes-egp-20-bn-industrial-zone-west-of-cairo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/03\/elsewedy-electric-proposes-egp-20-bn-industrial-zone-west-of-cairo\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Elsewedy Electric proposes EGP 20 bn industrial zone west of Cairo\",\"datePublished\":\"2023-01-03T03:41:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/03\/elsewedy-electric-proposes-egp-20-bn-industrial-zone-west-of-cairo\/\"},\"wordCount\":168,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/03\/elsewedy-electric-proposes-egp-20-bn-industrial-zone-west-of-cairo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/40.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Ahmed El Sewedy\",\"construction\",\"Elsewedy Electric\",\"EnterpriseAM\",\"infrastructure\",\"investment watch\",\"Manufacturing\",\"New 6 October City\"],\"articleSection\":[\"Manufacturing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/03\/elsewedy-electric-proposes-egp-20-bn-industrial-zone-west-of-cairo\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/03\/elsewedy-electric-proposes-egp-20-bn-industrial-zone-west-of-cairo\/\",\"name\":\"Elsewedy Electric proposes EGP 20 bn industrial zone west of Cairo - 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The financing will help the company and its subsidiaries expand activities, the statement read. Who else is involved? Al Baraka Bank, Al Ahli Bank\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575376,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/elsewedy-capital-gulf-cryo-partner-on-new-air-separation-unit-in-egypt\/","url_meta":{"origin":578525,"position":1},"title":"Elsewedy Capital, Gulf Cryo partner on new air separation unit in Egypt","author":"enterpriseam admin","date":"13 October 2020","format":false,"excerpt":"Elsewedy Capital, Gulf Cryo partner on new air separation unit in Egypt: Elsewedy Capital has set up a JV with Kuwait\u2019s industrial gas manufacturer Gulf Cryo to build a new air separation project in Cairo, according to an emailed statement from deNovo Corporate Advisors, the UAE-based investment bank which advised\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":618134,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/03\/elsewedy-to-break-ground-on-its-new-october-industrial-park-within-weeks-ramp-up-gulf-expansions\/","url_meta":{"origin":578525,"position":2},"title":"Elsewedy to break ground on its New October industrial park within weeks + ramp up Gulf expansions","author":"enterpriseam admin","date":"3 April 2024","format":false,"excerpt":"The company\u2019s upgrades to its Saudi factory are scheduled to wrap up by late 2024","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\/2024\/4\/267.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571525,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/earnings-watch-elsewedy-electric-profits-halve-in-1q-as-covid-19-hits-operations\/","url_meta":{"origin":578525,"position":3},"title":"Earnings watch: ElSewedy Electric profits halve in 1Q as covid-19 hits operations","author":"enterpriseam admin","date":"14 May 2020","format":false,"excerpt":"EARNINGS WATCH- ElSewedy Electric profit halve in 1Q as covid-19 hits operations: ElSewedy Electric\u2019s quarterly profits plunged in 1Q2020 as weaknesses in the broader economy caused by the coronavirus impacted its operations, the company said in its quarterly earnings statement yesterday (pdf). The company reported profits of EGP 400 mn\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":573928,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/24\/earnings-watch-elsewedy-electric-dice-egypt\/","url_meta":{"origin":578525,"position":4},"title":"Earnings Watch: ElSewedy Electric, Dice Egypt","author":"enterpriseam admin","date":"24 August 2020","format":false,"excerpt":"EARNINGS WATCH- Elsewedy Electric reports 2Q2020 net profits falling 44.8% y-o-y: Elsewedy Electric reported a 44.8% y-o-y decline in net profits to EGP 514.17 mn in 2Q2020, largely as a result of covid-induced disruptions in the broader economy that has slowed operations, the company said yesterday in an earnings release\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":565921,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/earnings-watch-elsewedy-electric-contact-financial-beltone\/","url_meta":{"origin":578525,"position":5},"title":"Earnings Watch: Elsewedy Electric, Contact Financial, Beltone","author":"enterpriseam admin","date":"17 May 2021","format":false,"excerpt":"EARNINGS WATCH- Elsewedy Electric\u2019s net income rose 75% to EGP 700.1 mn in 1Q2021, up from EGP 400 mn in the same period last year, the company said in its quarterly earnings statement(pdf). Topline growth was also solid, with quarterly revenue growing 14% to EGP 12.3 bn from EGP 10.8\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578525","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=578525"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578525\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/578511"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/578526"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=578525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=578525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=578525"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=578525"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=578525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}