{"id":614425,"date":"2024-02-01T00:00:00","date_gmt":"2024-02-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/01\/japans-yazaki-kicks-off-construction-of-auto-parts-factory-plus-news-from-ora-developers-bosta-taqa-volt\/"},"modified":"2024-02-01T00:00:00","modified_gmt":"2024-02-01T00:00:00","slug":"japans-yazaki-kicks-off-construction-of-auto-parts-factory-plus-news-from-ora-developers-bosta-taqa-volt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/01\/japans-yazaki-kicks-off-construction-of-auto-parts-factory-plus-news-from-ora-developers-bosta-taqa-volt\/","title":{"rendered":"Japan\u2019s Yazaki kicks off construction of auto parts factory. PLUS: News from Ora Developers, Bosta, Taqa Volt."},"content":{"rendered":"<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">AUTOMOTIVE-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"> <strong>Yazaki breaks ground on auto parts factory:<\/strong> Japanese manufacturer Yazaki has broken ground on its EUR 30 mn auto parts factory in Fayoum\u2019s first freezone, cabinet said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02HnoA7M2QV4ezJCepFMvu8Wj4PAu1y59pU1k2wzd5cSnQR4VjnxQJURYp7RjrunQml\" style=\"\" rel=\"noopener\">statement<\/a>. The entirety of the factory\u2019s production is earmarked for exports, with plans to export EUR 100 mn worth of auto parts a year when fully operational by the end of 2024. The factory plans to kick off its first phase of production within the coming months. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>ICYMI- <\/strong>The General Authority for Freezones and Investment <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d03b6507-b649-4f52-9d7b-1c4bdf41420a\" style=\"\" rel=\"noopener\">approved the<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d03b6507-b649-4f52-9d7b-1c4bdf41420a\" style=\"\" rel=\"noopener\">golden license<\/a> for the factory in 2022, making Yazaki one of the first companies to receive a single-approval license in the country.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Ora goes to Iraq:<\/strong> Sawiris-owned Ora Developers inked an agreement with the Iraqi government to develop a new residential city in Iraq, according to the <a target=\"_blank\" href=\"https:\/\/www.ina.iq\/202255--.html\" style=\"\" rel=\"noopener\">Iraqi News Agency<\/a>. The project \u2014 dubbed Ali Al Wardi New City \u2014 will house 120k residential units and is set to be the biggest residential complex in Iraq. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">INVESTMENT-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Bosta receives investment from Avanz Capital:<\/strong> Avanz Capital Egypt has made an undisclosed investment in local delivery startup Bosta through its SMEs-focused private equity vehicle Avanz Manara, alongside other institutional private capital firms, the two sides said in a joint <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/2713.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The funds will be used to aid Bosta\u2019s expansion in Saudi Arabia, CEO and co-founder of Bosta Mohamed Ezzat told Enterprise. Ezzat refused to disclose the value of the investment when we asked. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Avanz Capital has more investments in the pipeline: <\/strong>Avanz Capital is looking to invest EGP 70-100 mn in three unnamed companies this year, managing director Haytham Wagih told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/01\/31\/1761671\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. The firm also has plans to invest in MSMEs-, tech-, and fintech-focused funds. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">EVS-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>More EV charging stations incoming: <\/strong>Taqa Arabia\u2019s Taqa Power subsidiary Taqa Volt will develop, manage, operate, and maintain nine EV charging stations in New Cairo\u2019s Cairo Festival City, under an agreement inked with Al Futtaim Real Estate, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/2797.pdf\" style=\"\" rel=\"noopener\">statement<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/2797.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>AUTOMOTIVE- Yazaki breaks ground on auto parts factory: Japanese manufacturer Yazaki has broken ground on its EUR 30 mn auto parts factory in Fayoum\u2019s first freezone, cabinet said in a statement. The entirety of the factory\u2019s production is earmarked for exports, with plans to export EUR 100 mn worth of auto parts a year when [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":614426,"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":[111,144,7324,1344,72,356,2065,599,83,615],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-614425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-automotive","tag-avanz-capital-management","tag-bosta","tag-enterpriseam","tag-evs","tag-naguib-sawiris","tag-ora-developers","tag-real-estate","tag-taqa-arabia","wpautop","entry"],"acf":{"mongo_id":"4f8ba478-25f9-400d-b7cc-3a9a9929200f","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/12.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Japan\u2019s Yazaki kicks off construction of auto parts factory in Egypt\u2019s Fayoum","related_issue":[614407],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.fe823003-2017-4e9f-8f09-2521c24d7123.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>Japan\u2019s Yazaki kicks off construction of auto parts factory. PLUS: News from Ora Developers, Bosta, Taqa Volt. - 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\/2024\/02\/01\/japans-yazaki-kicks-off-construction-of-auto-parts-factory-plus-news-from-ora-developers-bosta-taqa-volt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Japan\u2019s Yazaki kicks off construction of auto parts factory. PLUS: News from Ora Developers, Bosta, Taqa Volt.\" \/>\n<meta property=\"og:description\" content=\"AUTOMOTIVE- Yazaki breaks ground on auto parts factory: Japanese manufacturer Yazaki has broken ground on its EUR 30 mn auto parts factory in Fayoum\u2019s first freezone, cabinet said in a statement. The entirety of the factory\u2019s production is earmarked for exports, with plans to export EUR 100 mn worth of auto parts a year when [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/01\/japans-yazaki-kicks-off-construction-of-auto-parts-factory-plus-news-from-ora-developers-bosta-taqa-volt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-01T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/12.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/01\/japans-yazaki-kicks-off-construction-of-auto-parts-factory-plus-news-from-ora-developers-bosta-taqa-volt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/01\/japans-yazaki-kicks-off-construction-of-auto-parts-factory-plus-news-from-ora-developers-bosta-taqa-volt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Japan\u2019s Yazaki kicks off construction of auto parts factory. 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The factory\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590731,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/japanese-auto-parts-manufacturer-given-land-for-factory\/","url_meta":{"origin":614425,"position":1},"title":"Japanese auto parts manufacturer given land for factory","author":"enterpriseam admin","date":"25 July 2023","format":false,"excerpt":"Japanese manufacturer Yazaki will begin construction of its EUR 30 mn factoryin Fayoum\u2019s first freezone after signing land contracts with local authorities, the Local Development Ministry said yesterday. It\u2019s been a while coming: The Japanese company, which produces automotive components and braided cables, has been waiting on the contracts since\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\/2023\/7\/932.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590611,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/24\/this-evening-japans-yazaki-signs-land-agreement-for-fayoum-factory\/","url_meta":{"origin":614425,"position":2},"title":"THIS EVENING: Japan\u2019s Yazaki signs land agreement for Fayoum factory","author":"enterpriseam admin","date":"24 July 2023","format":false,"excerpt":"Good afternoon, friends, and welcome back. We hope you\u2019re all easing back into the flow of a new workweek, and that the new reality of rolling blackouts isn\u2019t proving to be too much of a disturbance. 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The announcement came the same day Prime Minister Moustafa Madbouly met with nine foreign and local companies to follow up on pledges to invest more than USD 1 bn\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/215.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":608964,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/auto-spare-parts-importer-wants-to-set-up-car-engine-filter-factory-plus-egyptian-swiss-unveils-eur-6-mn-expansion-plan\/","url_meta":{"origin":614425,"position":5},"title":"Auto spare parts importer wants to set up car engine filter factory. PLUS: Egyptian Swiss unveils EUR 6 mn expansion plan","author":"enterpriseam admin","date":"29 October 2023","format":false,"excerpt":"Sea Port wants to build a USD 30 mn car engine filter factory in Tenth of Ramadan","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1344.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/614425","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=614425"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/614425\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/614407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/614426"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=614425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=614425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=614425"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=614425"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=614425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}