{"id":635257,"date":"2024-07-28T00:00:00","date_gmt":"2024-07-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/28\/alex-apparels-sets-out-to-build-three-new-factories-in-alexandria-free-zone\/"},"modified":"2024-07-28T00:00:00","modified_gmt":"2024-07-28T00:00:00","slug":"alex-apparels-sets-out-to-build-three-new-factories-in-alexandria-free-zone","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/28\/alex-apparels-sets-out-to-build-three-new-factories-in-alexandria-free-zone\/","title":{"rendered":"Alex Apparels sets out to build three new factories in Alexandria free zone"},"content":{"rendered":"

Good afternoon, friends.<\/strong> We have a busy issue for you following our last long weekend until September, kicking off with news of plans to boost the local industry.<\/p>\n

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THE BIG STORY TODAY<\/p>\n

Alex Apparels to set up new facilities, including USD 100 mn factory: <\/strong>Alexandria-based ready-made garments manufacturer Alex Apparels<\/a> plans to build three new factories in the Alexandria free zone, according to an Investment Ministry statement<\/a>. <\/p>\n

Two new factories and a dying and weaving plant: <\/strong>The new facilities include two ready-to-wear factories set to begin production in 2025, as well as a weaving and dying factory with investments of USD 100 mn. The weaving and dying plant will have a production capacity of 70 tons per day, with the first batch of ready-made garments hitting the market by 2026.<\/p>\n

THE BIG STORY ABROAD<\/p>\n

A strike in occupied Golan raises fears of escalation on Lebanon\u2019s southern <\/strong>border:<\/strong> Israeli Prime Minister Benjamin Netanyahu pledged to retaliate after a rocket allegedly killed 12 and injured at least 20 at a soccer field in the Israeli-occupied Golan Heights on Saturday. Israeli officials immediately accused Hezbollah of carrying out the strike, which they said had been caused by an Iranian-made Falaq-1 rocket, spurring fears of an escalation of hostilities on the Lebanese border. Hezbollah denied any responsibility for the strike.<\/p>\n

The strike comes as Netanyahu wraps up a tour of Washington, <\/strong>where he received a mixed response from policymakers and US presidential hopefuls amid Israel\u2019s continued deadly assault on Gaza. The strike raises the possibility that tentative progress toward a ceasefire agreement may be disrupted should domestic pressure force either side to respond forcefully, the Wall Street Journal<\/a> says. Israel\u2019s security cabinet is expected to meet at 4 pm today to discuss further retaliatory measures, after bombing targets in southern Lebanon overnight. (AP<\/a> | Reuters<\/a> | FT<\/a> | WSJ<\/a>)<\/p>\n

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