{"id":646918,"date":"2024-10-03T00:00:00","date_gmt":"2024-10-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/03\/polands-padma-art-wants-to-set-up-a-eur-70-mn-furniture-complex-in-new-alamein\/"},"modified":"2024-10-03T00:00:00","modified_gmt":"2024-10-03T00:00:00","slug":"polands-padma-art-wants-to-set-up-a-eur-70-mn-furniture-complex-in-new-alamein","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/03\/polands-padma-art-wants-to-set-up-a-eur-70-mn-furniture-complex-in-new-alamein\/","title":{"rendered":"Poland\u2019s Padma Art wants to set up a EUR 70 mn furniture complex in New Alamein"},"content":{"rendered":"

European companies are getting ready to set up industrial complexes and factories in <\/strong>Egypt<\/strong>, with Poland\u2019s Padma Art and the Egyptian arm of Germany\u2019s Leoni both preparing multi EUR mn projects.<\/p>\n

\n

POLAND\u2019S PADMA ART TO BUILD EUR 70 MN FURNITURE COMPLEX-<\/p>\n

New Polish furniture industrial complex in the works:<\/strong> Polish furniture manufacturer Padma Art<\/a> plans to build an EUR 70 mn industrial complex to locally produce furniture, according to a statement<\/a>.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

What we know about the project:<\/strong> Set to span 400k sqm in New Alamein, the complex is expected to be a major manufacturing venture that will earmark most of its output to Arab, US, and European markets. A portion of the production will go to cover New Alamein and surrounding coastal cities and resorts. The company has set its sights on an annual export target of EUR 200 mn.<\/p>\n

\n

LEONI EGYPT TO ESTABLISH EUR 40 MN FACTORY-<\/p>\n

There\u2019s a new factory in the works in the Robbiki Leather City: <\/strong>Cable and harnessing manufacturing firm Leoni Egypt will set up an EUR 40 mn, 13k sqm factory for cable harness production in Robbiki Leather City, under an agreement inked with manager of the leather-specialized industrial complex Cairo for Investment and Development, according to a statement<\/a>. <\/p>\n

The details: <\/strong>The project is expected to boost Leoni\u2019s exports from Egypt by 50% to generate around EUR 240 mn annually. It is also expected to create around 3k direct and indirect jobs. The factory is expected to kick off operations within a year.<\/p>\n","protected":false},"excerpt":{"rendered":"

The complex will earmark most of its output to Arab, US, and European markets<\/p>\n","protected":false},"author":1,"featured_media":646919,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[72,131,2293],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-646918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-enterpriseam","tag-manufacturing","tag-new-alamein","wpautop","entry"],"acf":{"mongo_id":"280b757b-407c-476f-a183-96fdb64c49f5","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/263.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Poland\u2019s Padma Art wants to set up a EUR 70 mn furniture complex in New Alamein","related_issue":[646903],"teaser":"The complex will earmark most of its output to Arab, US, and European markets","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.290b1315-6677-4cb6-b1e8-ba8068e431f7.mp3"},"yoast_head":"\nPoland\u2019s Padma Art wants to set up a EUR 70 mn furniture complex in New Alamein - 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El Akshar says In & Out had tapped a local bank open LCs for\u2026","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625742,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/epsd-signs-two-agreements-worth-eur-70-mn-with-germanys-bag-for-new-manufacturing-projects-at-east-port-said-industrial-zone\/","url_meta":{"origin":646918,"position":2},"title":"EPSD signs two agreements worth EUR 70 mn with Germany\u2019s BAG for new manufacturing projects at East Port Said industrial zone","author":"enterpriseam admin","date":"14 August 2018","format":false,"excerpt":"INVESTMENT WATCH- Germany\u2019s BAG to invest EUR 70 mn on manufacturing projects at East Port Said industrial zone: The East Port Said Development company (EPSD) signed two agreements yesterday worth a combined EUR 70 mn with local subsidiaries of Germany\u2019s Business Avenue Group (BAG), according to a Suez Canal Economic\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":574558,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/14\/gafi-approves-new-projects-in-idgs-e2-industrial-park-in-alamein\/","url_meta":{"origin":646918,"position":3},"title":"GAFI approves new projects in IDG\u2019s e2 industrial park in Alamein","author":"enterpriseam admin","date":"14 September 2020","format":false,"excerpt":"INVESTMENT WATCH- GAFI approves new projects in IDG\u2019s e2 industrial park in Alamein worth EGP 600 mn: The General Authority for Investment (GAFI) has greenlit 22 new projects worth a combined EGP 600 mn that will be set up in Industrial Development Group\u2019s (IDG) e2 complex in Alamein, according to\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":549491,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/19\/another-eur-100-mn-in-green-lending-could-be-coming-from-the-eib\/","url_meta":{"origin":646918,"position":4},"title":"Another EUR 100 mn in green lending could be coming from the EIB","author":"enterpriseam admin","date":"19 September 2022","format":false,"excerpt":"The European Investment Bank (EIB) could lend EUR 100 mn to the Environmental Affairs Agency for on-lending to public and private industrial companies to green their manufacturing processes, according to the bank\u2019s website.Other things we\u2019re keeping an eye on this morning: Egyptian Company for Pipes and Cement Products (Siegwart) is\u2026","rel":"","context":"In "Also on our Radar"","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":596362,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/26\/east-port-said-development-signs-contract-with-polish-investor-to-operate-factory\/","url_meta":{"origin":646918,"position":5},"title":"East Port Said Development signs contract with Polish investor to operate factory","author":"enterpriseam admin","date":"26 August 2019","format":false,"excerpt":"East Port Said Development Company has signed a contract with a Polish investor to operate its new facility, which is slated to begin production early next year, General Manager Ahmed Al Mufti said. The factory will produce steel products and tools that are used in sanitation projects. The company is\u2026","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\/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\/646918","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=646918"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/646918\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/646903"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/646919"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=646918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=646918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=646918"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=646918"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=646918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}