{"id":587927,"date":"2023-06-04T00:00:00","date_gmt":"2023-06-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/04\/sumitomo-electric-breaks-ground-on-pigtails-cable-factory-plus-lighthouse-education-rameda-pharma-new-tourism-figures\/"},"modified":"2023-06-04T00:00:00","modified_gmt":"2023-06-04T00:00:00","slug":"sumitomo-electric-breaks-ground-on-pigtails-cable-factory-plus-lighthouse-education-rameda-pharma-new-tourism-figures","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/04\/sumitomo-electric-breaks-ground-on-pigtails-cable-factory-plus-lighthouse-education-rameda-pharma-new-tourism-figures\/","title":{"rendered":"Sumitomo Electric breaks ground on pigtails cable factory. PLUS: Lighthouse Education, Rameda Pharma, new tourism figures"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MANUFACTURING-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">#1- Sumitomo Electric broke ground on the first phase of its new pigtails<\/span><span style=\"font-weight:700\"> cable factory in <\/span><span style=\"font-weight:700\">Tenth Ramadan City<\/span><span>, the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0rtMaR1pnFjHtSPDBtVEfAr1yEwiHb8H7ShF8o5MUMuSsF3LRxDpS5WQCWXu4CX44l\" style=\"\">Trade and Industry Ministry said<\/a><\/span><span> Thursday<\/span><span>. Sumitomo plans to invest USD 100-150 mn in the project initially, Sumitomo Egypt Managing Director Ahmed Magdy previously <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cc1bf114-7cbc-4dd3-981d-55f926b15983\" style=\"\">told Enterprise<\/a><\/span><span style=\"font-weight:400;\">. The factory is expected to produce cables for 1 mn cars per year and provide 3.5k new jobs, according to the statement. The factory is expected to be the company\u2019s largest in the world.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">#2- Pyramids Tires will open two new production lines at its <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/18\/pyramids-tires-to-launch-egp-350-mn-tire-factory-in-port-said\/\" style=\"\">USD 350 mn tire factory<\/a><\/span><span style=\"font-weight:700\"> by December<\/span><span>this year, the company\u2019s chairman reportedly told <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3ITecqV\" style=\"\">Al Mal<\/a><\/span><span style=\"font-weight:400;\">. The lines will produce 600k tires for light transport and 15k ties for pivot irrigation each year.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">EDUCATION-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Lighthouse Education plans acquisitions after reaching first close:<\/span><span style=\"\"> Education <\/span><span>investment platform Lighthouse plans to acquire stake in two primary schools <\/span><span>before the star<\/span><span>t of the next academic year, CEO Mahmo<\/span><span>ud Khalifa was quoted as telling <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.alborsaanews.com\/2023\/05\/30\/1673032\" style=\"\">Al Bors<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.alborsaanews.com\/2023\/05\/30\/1673032\" style=\"\">a<\/a><\/span><span>. The state-backed fund <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7da85b5b-326b-46e7-84ee-698fa6f9db70\" style=\"\">reached a first close<\/a><\/span><span> o<\/span><span>f more than EGP 550 mn<\/span><span style=\"font-weight:400;\"> in 2021 and is aiming to reach its second close before the end of 2024 and increase its capital to EGP 1 bn, he said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Refresher:<\/span><span style=\"\"> Lighthouse Education was <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/64f7f84d-bb8b-4d20-9c96-f3659aff6005\" style=\"\">established in 2021<\/a><\/span><span style=\"\"> with financial backing from a number <\/span><span style=\"font-weight:400;\">of state-owned financial institutions including Misr Ins. Holding, the Sovereign Fund of Egypt, Banque Misr and United Bank. The fund was launched to channel investment into private K-12 schools.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">TOURISM-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Egypt back on the tourist map:<\/span><span style=\"\"> Some 4.5 mn tourists visited Egypt in the first four <\/span><span>months of 2023, with April itself accounting for 1.35 mn of the inflow, Tourism Minister Ahmed Issa told <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=03062023&id=2309f862-9211-4684-9ab1-2a5b24b5375e&fbclid=IwAR3DTFBUuPptJpnR71026uXEkuNqkYYAC_RGo2MdYok764C-wTTgDKVp6_A\" style=\"\">Al Shorouk<\/a><\/span><span>. The figures are just below <\/span><span>the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sis.gov.eg\/Story\/171699\/CAPMAS-85.4%25-increase-in-number-of-tourists-during-1st-half-of-2022?lang=en-us\" style=\"\">4.9 mn tourists<\/a><\/span><span>that came to Egypt in the first six months of 2022 as the sector began to rebound after the Covid pandemic lockdowns. The ministry is targeting 15 mn arrivals this year and 19 mn in 2024, Issa added, as the government looks to reach their goal of attracting as many as <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b252d5fc-e5e3-41f9-a8ca-8c9cf8c17127\" style=\"\">30 mn tourists to the country by 2028<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">PHARMA-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Rameda Pharma has acquired 11 cardiometabolic products<\/span><span style=\"\"> from an unnamed local <\/span><span>pharma manufacturer, it said in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/6\/60.pdf\" style=\"\">a statement (pdf)<\/a><\/span><span> Thursday. <\/span><span>The move will allow Rameda to tap into five therapeutic areas that have a combined market value of EGP 2.2 bn and have experienced a three-year compound annual growth rate (CAGR) of 37%, compared to 11% growth in the overall pharma marke<\/span><span>t. Rameda plans to complement its new cardiometabolic portfolio \u201cwith up to seven new product launches in this area before the end of FY 2023,\u201d said CEO Amr Morsy.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">LOGISTICS- <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Global marine ship-fueling firm Peninsula receives bunkering services license: <\/span><span style=\"\">Oil <\/span><span>Minister Tarek El Molla has awarded the second license to international ship-fueling firm <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.peninsula360.com\/\" style=\"\">Peninsula<\/a><\/span><span> to provide services at Egyptian ports in the Mediterranean, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02d4Rdt5BjUxK2pdAHqMxELUE3DAEHeKABUUqCYaHuu8M3ArL76RYzkJiGgpSt6bC3l\" style=\"\">an Oil Ministry statement<\/a><\/span><span>. This is the second company to be granted a license after <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.minervabunkering.com\/\" style=\"\">Minerva Bunkering<\/a><\/span><span>, which <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/061e9564-47b0-4f2f-8b0a-42607366d288\" style=\"\">began operating<\/a><\/span><span> in Egypt last week.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">AGRICULTURE-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">FAO, Japan, and Netherlands to help us up our agriculture game: <\/span><span style=\"\">The UN\u2019s Food <\/span><span>and Agriculture Organization (FAO) is set to collaborate with the Irrigation Ministry on the implementation of three agricultural projects that will be funded by Japan and the Netherlands following agreements inked last week, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/story.php?story_fbid=pfbid0BVgT1g3nSfgTTyNp19XoovA3w1jCTSmFxMVWkPDGHVmKkVk4612mRmHCpfU6N1Xhl&id=100064812882317&mibextid=qC1gEa&paipv=0&eav=AfY7uWkDZU2cVaXqOsHEo8oGhja3XNx_Ff_b_K2Wet0soEbBLwNf7WVhk10-C8AJAII&_rdr\" style=\"\">ministry statement<\/a><\/span><span style=\"font-weight:400;\">. The projects aim to modernize our irrigation technologies, enhance water productivity, and support small farmers in Upper Egypt, the statement reads, without disclosing timelines or the value of the agreements.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">EDUCATION- <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Egyptian universities + SDGs: <\/span><span style=\"\">Thirty-seven Egyptian universities have been included <\/span><span>in the Times Higher Education <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.timeshighereducation.com\/impactrankings\" style=\"\">Impact Rankings 2023<\/a><\/span><span>, which assesses some 1.6k institutions worldwide against the UN\u2019s Sustainable Development Goals, the Higher Education Ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid031SPSWnDBA3AwDtHZhsVvgw5VDqTroM3rpP4kknNuhZNcuU9Z34pJUZ9xT1wRXntql\" style=\"\">said<\/a><\/span><span> yesterday. Greater provision of technical support, education regarding<\/span><span> international publishing, scientific promotion committees and information made available through the Egyptian Knowledge Bank, have supported Egypt\u2019s rankings, said Higher Education Minister Ayman Ashour.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The rundown: <\/span><span>Aswan University (101-200) took the overall top spot for Egyptian universities for the third consecutive year, followed by Ain Shams University (201<\/span><span>-300) at #2 and Cairo University (301-400) at #3. Four institutions \u2014 New Valley University, Sohag University, British University in Cairo and Sphinx Univer<\/span><span style=\"font-weight:400;\">sity \u2014 were included in the rankings for the first time. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The factory is expected to be the company\u2019s largest in the world<\/p>\n","protected":false},"author":1,"featured_media":587928,"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":[7209],"tags":[97,111,144,73,72,604,173,145,131,427,449,8871,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-587927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-agriculture","tag-also-on-our-radar","tag-automotive","tag-education","tag-enterpriseam","tag-irrigation-ministry","tag-lighthouse-education","tag-logistics","tag-manufacturing","tag-pharma","tag-rameda-pharma","tag-sumitomo-electric","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"66715308-0231-4a77-bb16-c1de102a9432","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/6\/81.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Sumitomo Electric breaks ground on pigtails cable factory. PLUS: Lighthouse Education, Rameda Pharma, new tourism figures","related_issue":[587901],"teaser":"The factory is expected to be the company\u2019s largest in the world","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/6\/.6ff72e32-4b91-486a-838b-4b9ad58cba7e.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sumitomo Electric breaks ground on pigtails cable factory. PLUS: Lighthouse Education, Rameda Pharma, new tourism figures - 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\/06\/04\/sumitomo-electric-breaks-ground-on-pigtails-cable-factory-plus-lighthouse-education-rameda-pharma-new-tourism-figures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sumitomo Electric breaks ground on pigtails cable factory. 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The plant brings the company\u2019s total investments in Egypt to EGP 5.4 bn.","rel":"","context":"In &quot;Manufacturing&quot;","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":627316,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/29\/sumitomo-electric-wiring-systems-breaks-ground-on-6-october-city-factory\/","url_meta":{"origin":587927,"position":3},"title":"Sumitomo Electric Wiring Systems breaks ground on 6 October City factory","author":"enterpriseam admin","date":"29 July 2018","format":false,"excerpt":"Sumitomo Electric Wiring Systems Egypt broke grounds on a new factory in 6 October City on Wednesday, according to Al Masry Al Youm. The factory\u2019s investment value was not disclosed, but construction work is expected to be complete in March, with operations set to start in April, company executives told\u2026","rel":"","context":"In &quot;Manufacturing&quot;","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":665631,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/21\/japans-sumitomo-electric-inaugurates-eur-22-mn-auto-parts-factory-in-tenth-of-ramadan\/","url_meta":{"origin":587927,"position":4},"title":"Japan\u2019s Sumitomo Electric inaugurates EUR 22 mn auto parts factory in Tenth of Ramadan","author":"enterpriseam admin","date":"21 May 2025","format":false,"excerpt":"The facility is billed as one of the largest wiring harness factories in the world","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1727.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587840,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/01\/this-evening-sumitomo-electric-breaks-ground-on-10th-ramadan-pigtails-cable-factory-khamaseen-season-is-fully-upon-us\/","url_meta":{"origin":587927,"position":5},"title":"THIS EVENING: Sumitomo Electric breaks ground on 10th Ramadan pigtails cable factory + Khamaseen season is fully upon us","author":"enterpriseam admin","date":"1 June 2023","format":false,"excerpt":"Good afternoon, wonderful people, and welcome to the weekend. 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