{"id":590212,"date":"2023-07-16T00:00:00","date_gmt":"2023-07-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/ikarus-electric-wants-to-establish-200-ev-charging-stations-in-three-years-plus-new-radisson-hotel-concrete-plus-saudi-collaboration-egyptair-in-manchester\/"},"modified":"2023-07-16T00:00:00","modified_gmt":"2023-07-16T00:00:00","slug":"ikarus-electric-wants-to-establish-200-ev-charging-stations-in-three-years-plus-new-radisson-hotel-concrete-plus-saudi-collaboration-egyptair-in-manchester","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/ikarus-electric-wants-to-establish-200-ev-charging-stations-in-three-years-plus-new-radisson-hotel-concrete-plus-saudi-collaboration-egyptair-in-manchester\/","title":{"rendered":"Ikarus Electric wants to establish 200 EV charging stations in three years. PLUS: New Radisson hotel, Concrete Plus-Saudi collaboration, EgyptAir in Manchester"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">AUTOMOTIVE- <\/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\">One of the new kids on the EV charging block sets out its plans:<\/span><span style=\"\"> Local firm <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/IkarusElectric\/\" style=\"\">Ikarus<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/IkarusElectric\/\" style=\"\">Electric<\/a><\/span><span> plans to establish 200 EV charging stations worth more than EGP 150 mn within three years, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3DgJtB2\" style=\"\">Al Mal<\/a><\/span><span> reported Thursday. The company recently <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e02f1b36-3bdc-4ec1-b2ba-064247d11348\" style=\"\">received a one-year license<\/a><\/span><span style=\"font-weight:400;\"> to build 50 EV charging stations and is in the process of obtaining licenses for another 17, the company\u2019s general manager, Moustafa Mohamed, reportedly told the newspaper.<\/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\">MANUFACTURING-<\/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\">#1- Concrete Plus brings in Saudi investor for SCZone tire plant:<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/concrete-plus.net\/\" style=\"\">Concrete Plus<\/a><\/span><span style=\"\"> has set <\/span><span style=\"\">up <\/span><span>a JV with an unnamed Saudi investor to partner on its EUR 750 mn tire factory in the Suez Canal Economic Zone, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3NTJVd9\" style=\"\">Al M<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3NTJVd9\" style=\"\">al<\/a><\/span><span> quotes Concrete Plus founder and CEO Tarek Youssef as saying. Concrete Plus will hold 51% of the JV, with the Saudi partner holding the remaining balance, Youssef said. Concrete Plus <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/06152d9e-5cd6-49e2-987c-827ec8748e68\" style=\"\">received approval from the SCZone<\/a><\/span><span style=\"font-weight:400;\"> last month to build the plant.<\/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 details:<\/span><span style=\"\"> The plant will be built over several phases, including a EUR 400-450 mn phase to <\/span><span>produc<\/span><span>e 2.5 mn car tires<\/span><span style=\"font-weight:400;\"> per year, followed by a second phase to expand production to tires for cargo trucks. The company expects to initially produce 5 mn of these tires per year. The output from the factory \u2014 which is expected to start operations within two years \u2014 will be split 50\/50 between exports and the local market.<\/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- Sprea Misr opens sulfuric acid factory:<\/span><span style=\"\"> Egypt Kuwait Holding\u2019s (EKH) petchem <\/span><span>subsidiary Sprea Misr yesterday inaugurated a EGP 1.4 bn sulfuric acid production plant, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.alborsaanews.com\/2023\/07\/15\/1689888\" style=\"\">Al Borsa<\/a><\/span><span style=\"font-weight:400;\">. The factory will produce some 165k tons a year, 80% of which go towards EHK-majority owned AlexFert, the newspaper quotes EKH CEO Sherif El Zayat as saying.<\/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\">And more production lines: <\/span><span style=\"\">Sprea Misr also recently added six laminate sheets production <\/span><span>lines which produce a combined 3 mn sheets a year, the entirety of which will be exported, El Zayat said. He had <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e51a81cd-b599-4300-8289-8dd4710007ef\" style=\"\">previously said<\/a><\/span><span> that the new production lines will cost some USD 12 mn. <\/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;\">HOSPITALITY- <\/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\">Radisson plans expansion in Egypt:<\/span><span style=\"\"> Radisson Hotel Group will open a new luxu<\/span><span style=\"\">ry <\/span><span>hotel in Marsa Alam in 2025, the company <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.radissonhotels.com\/en-us\/corporate\/media\/press-releases\/radisson-hotel-group-announces-seven-new-hotels-in-africa\" style=\"\">said<\/a><\/span><span style=\"font-weight:400;\"> recently. The Radisson Collection hotel will be situated in Port Phoenice next to the Red Sea and contain 294 rooms, several restaurants and a diving center, the hospitality giant 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;\">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\">EgyptAir lands in Manchester: <\/span><span style=\"\">EgyptAir yesterday carried out its first trip to <\/span><span>Manchester, the Civil Aviation Ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02o9bbK8sphkKPPamxcLL6utpdz7PKRSfVufFtJQsbq3527hWb7CN1LrZa9sBnUks3l\" style=\"\">said<\/a><\/span><span style=\"font-weight:400;\">. The flag carrier will make five flights a week between Cairo and the northwestern English city. <\/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;\">COMMODITIES-<\/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\">Zinc export fee extended for one year: <\/span><span style=\"\">Trade and Industry Minister Ahmed Samir has <\/span><span>extended export fees on zinc products for another year, the ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0VArqmHZr4V7JPZEAkJRpKg8BRP632BY3Uiiu24dZbjcyhqkgtRWAnw1oaSXovV2sl\" style=\"\">said<\/a><\/span><span> yesterday. The import fee of EGP 5k per ton was last <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.globaltradealert.org\/state-act\/71506\/egypt-imposition-of-export-fees-on-dust-powders-and-flakes-of-zinc\" style=\"\">extended in January<\/a><\/span><span style=\"font-weight:400;\"> for a six-month period as a measure to help meet local market demands. <\/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\">REMEMBER- <\/span><span>The ministry in December <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/700c8f08-d61a-47f2-b0e5-7cb9d98e2056\" style=\"\">scrapped<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/88f99c3e-0a2f-4d36-aee5-8a9641e100b9\" style=\"\">a ban<\/a><\/span><span style=\"font-weight:400;\"> on the export of salvaged and scrap metals \u2014 including steel, copper, lead, aluminum, and zinc \u2014 in a bid to help manufacturers struggling with price hikes and shortages of raw materials.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company received a one-year license to establish stations last month<\/p>\n","protected":false},"author":1,"featured_media":590213,"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":[111,144,317,3047,1668,880,72,1342,955,10748,131,9504,9381,416,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-590212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-automotive","tag-commodities","tag-concrete-plus-engineering","tag-egypt-kuwait-holding","tag-egyptair","tag-enterpriseam","tag-ev-charging","tag-hospitality","tag-ikarus-electric","tag-manufacturing","tag-radisson","tag-sprea-misr","tag-suez-canal-economic-zone","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"4f01100d-e22e-494d-b12a-49bc6210bcbf","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/7\/569.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ikarus Electric wants to establish 200 EV charging stations in three years. 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