{"id":655930,"date":"2024-11-26T00:00:00","date_gmt":"2024-11-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/26\/jade-textile-eyes-three-new-factories-for-usd-180-mn-plus-giza-spinning-and-weaving-dhl-ebda-ashry-steel-ecole-ducasse-shell-siac-e-finance\/"},"modified":"2024-11-26T00:00:00","modified_gmt":"2024-11-26T00:00:00","slug":"jade-textile-eyes-three-new-factories-for-usd-180-mn-plus-giza-spinning-and-weaving-dhl-ebda-ashry-steel-ecole-ducasse-shell-siac-e-finance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/26\/jade-textile-eyes-three-new-factories-for-usd-180-mn-plus-giza-spinning-and-weaving-dhl-ebda-ashry-steel-ecole-ducasse-shell-siac-e-finance\/","title":{"rendered":"Jade Textile eyes three new factories for USD 180 mn. PLUS: Giza Spinning and Weaving, DHL, Ebda, Ashry Steel, Ecole Ducasse, Shell, SIAC, E-finance"},"content":{"rendered":"<p class=\"tag-border-left\">INVESTMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- Turkey\u2019s Jade Textile plans to invest USD 180 mn to expand its presence in Egypt<\/strong>, with the aim of doubling its production capacity, Supply Chain Manager Ahmed Ibrahim told Amwal Al Ghad. The expansion includes a USD 65 mn smart green factory in Tenth of Ramadan to kick off operations in December 2025, a USD 35 mn facility in Borg El Arab to come online next summer, and a USD 80 mn expansion to its plant in Ismailia.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Giza Spinning and Weaving plans to set up five new factories over the coming five years <\/strong><strong>with combined investments of USD 15 mn<\/strong>, CEO Fadel Marzouk told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/11\/24\/1846803\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. The company will establish one factory every year through 2029 in Upper Egypt, he said, adding that the move will double the company\u2019s production capacity. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Delivery service company DHL plans to invest up to EGP 500 mn in Egypt in 2025<\/strong> as it looks to expand into new industrial zones and tap into the growing demand across different governorates, Egypt Country Manager Amr Tantawy told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/11\/24\/1847284\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. The company plans to open five new branches and introduce new services like transit shipments and break bulk and is targeting expansion into newly established areas such as the new capital. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4-<\/strong> <strong>Ebda to invest EGP 17 bn in eight industrial projects: <\/strong>The National Initiative for Developing Egyptian Industry (Ebda) has selected eight industrial projects to invest EGP 17 bn into as part of the Nile Fund for Industrial Development, Ebda head Amani Eid said yesterday, according to <a target=\"_blank\" href=\"https:\/\/almalnews.com\/%d8%a7%d8%a8%d8%af%d8%a3-%d8%a7%d9%84%d8%a5%d8%b5%d8%af%d8%a7%d8%b1-%d8%a7%d9%84%d8%a3%d9%88%d9%84-%d9%84%d8%b5%d9%86%d8%af%d9%88%d9%82-%d8%a7%d9%84%d9%86%d9%8a%d9%84-%d8%a7%d9%84\/\" style=\"\" rel=\"noopener\">Al Mal<\/a>. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- Ashry Steel is gearing up to launch its new EGP 1.5 bn galvanization and lighting<\/strong><strong> poles factory in Sixth of October next month,<\/strong> <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/11\/25\/1847670\" style=\"\" rel=\"noopener\">Al Borsa<\/a> quotes Ashry Steel Sales Manager Mohamed Ali Gad as saying. The factory, which is being built on an area of 45k sqm, is expected to see its production reach 1 mn tons annually.<\/p>\n<p class=\"tag-border-left\">AGRICULTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d752cc1a-ab11-4992-8228-94c292c66d73\/china-to-launch-1-mn-feddan-new-valley-integrated-farming-zone\" style=\"\" rel=\"noopener\">planned 1 mn feddan integrated farming zone<\/a><\/strong><strong> in the New Valley Governorate <\/strong><strong>courtesy of Chinese companies will require investments totaling USD 7 bn<\/strong>, Egyptian-Chinese Businessmen Association Secretary General Mohamed Alaa El Din told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/financial-markets\/61623\/%D8%AA%D8%AD%D8%A7%D9%84%D9%81-%D8%B5%D9%8A%D9%86%D9%8A-%D9%85%D8%B5%D8%B1%D9%8A-%D9%8A%D8%B3%D8%B9%D9%89-%D9%84%D8%B2%D8%B1%D8%A7%D8%B9%D8%A9-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D9%81%D8%AF%D8%A7%D9%86-%D8%A8%D9%86%D8%AD%D9%88-7-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The first phase, covering 1k feddans, is expected to be completed by September 2025, with additional phases under discussion. Some of the strategic crops planned for cultivation include wheat, corn, soybeans, and sunflower, Alaa El Din said. <\/p>\n<p class=\"tag-border-left\">HOSPITALITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ecole Ducasse is set open one of its culinary and pastry schools in Cairo by the end of <\/strong><strong>2025 <\/strong>under a partnership with Reliance Egypt, the international culinary school network announced in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/2381.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The school will offer a range of courses that include everything from \u201cshort cooking and pastry classes to intensive programs and masterclasses targeting both local and regional students who are passionate about mastering the art of cooking.\u201d<\/p>\n<p class=\"tag-border-left\">MINING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Mineral Resources Authority is looking into the possibility of establishing a gold <\/strong><strong>refinery in the Red Sea governorate<\/strong>, with the authority currently in the process of identifying the most suitable location near Marsa Alam for the refinery, <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/11\/25\/1847740\" style=\"\" rel=\"noopener\">Al Borsa<\/a> reports, citing an unnamed source from the authority. The refinery \u2014 which will process locally mined gold \u2014 could cost anywhere between USD 20-40 mn to build, the source said, adding that work on the project could begin in mid-2025.<\/p>\n<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shell to <\/strong><strong>up gas production: <\/strong>UK oil and gas giant Shell will boost its natural gas production by 170 mn cubic feet per day by the end of December, an anonymous government official told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/power\/61559\/%D8%B4%D9%84-%D8%AA%D8%B2%D9%88%D8%AF-%D9%85%D8%B5%D8%B1-%D8%A8-170-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D9%82%D8%AF%D9%85-%D8%BA%D8%A7%D8%B2-%D9%8A%D9%88%D9%85%D9%8A%D8%A7-%D8%A5%D8%B6%D8%A7%D9%81%D9%8A%D8%A9-%D9%82%D8%A8%D9%84-%D9%86%D9%87%D8%A7%D9%8A%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D9%85\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The firm will up its production from three fields in the West Delta region. <\/p>\n<p class=\"tag-border-left\">IPO WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SIAC Holding plans to IPO within the coming two years<\/strong> and is in negotiations with a number of advisors to manage the offering, SAIC Developments CEO Nahla Elebiary told <a target=\"_blank\" href=\"https:\/\/www.mubasher.info\/news\/4372572\/%D8%B3%D9%8A%D8%A7%D9%83-%D8%A7%D9%84%D9%82%D8%A7%D8%A8%D8%B6%D8%A9-%D8%AA%D8%AF%D8%B1%D8%B3-%D8%A7%D9%84%D8%B7%D8%B1%D8%AD-%D9%81%D9%8A-%D8%A7%D9%84%D8%A8%D9%88%D8%B1%D8%B5%D8%A9-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AE%D9%84%D8%A7%D9%84-%D8%B9%D8%A7%D9%85%D9%8A%D9%86\/\" style=\"\" rel=\"noopener\">Mubasher<\/a>. <\/p>\n<p class=\"tag-border-left\">FINTECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia\u2019s National Security Services Company (SAFE) will provide EGX-listed <\/strong><strong>fintech giant E-finance with \u201ccomprehensive and secure security system for digital payments<\/strong>\u201d <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7266744460334538752\/\" style=\"\" rel=\"noopener\">under an MoU inked<\/a> between two sides during Cairo ICT. Under the MoU, e-Finance will provide cloud hosting, expertise, and marketing services, while SAFE will supply the necessary equipment and technical experts. The two companies will also collaborate on international money transfer services between Saudi Arabia and Egypt, according to <a target=\"_blank\" href=\"https:\/\/almalnews.com\/%D8%B3%D9%8A%D9%81-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AA%D9%88%D9%82%D8%B9-%D9%85%D8%B0%D9%83%D8%B1%D8%A9-%D8%AA%D9%81%D8%A7%D9%87%D9%85-%D9%85%D8%B9-%D8%A5%D9%8A\/\" style=\"\" rel=\"noopener\">Al Mal<\/a>.<\/p>\n<p class=\"tag-border-left\">ENVIRONMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government is working to contain an oil spill after a cargo ship ran aground off the <\/strong><strong>coast of El Qusier<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0eZfMJGWa7eYVyiTnd3tHa1kKchqkLGi5FyyE89pJReDX87hS4YyWwPSWnpxfjzwzl\" style=\"\" rel=\"noopener\">statement<\/a> by the Environment Ministry. The vessel lost control due to a technical malfunction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company is planning to double its production capacity with the investment<\/p>\n","protected":false},"author":1,"featured_media":655931,"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":[7209],"tags":[111,339,8577,93,72,183,8915,955,131,373,594,2080],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-655930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-e-finance","tag-ebda","tag-energy","tag-enterpriseam","tag-fintech","tag-giza-spinning-and-weaving","tag-hospitality","tag-manufacturing","tag-mining","tag-shell","tag-textiles","wpautop","entry"],"acf":{"mongo_id":"37152594-d114-4b17-bdaf-1f8de641a886","order":"14","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1863.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Jade Textile eyes three new factories for USD 180 mn. PLUS: Giza Spinning and Weaving, DHL, Ebda, Ashry Steel, Ecole Ducasse, Shell, SIAC, E-finance","related_issue":[655905],"teaser":"The company is planning to double its production capacity with the investment","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.8ddb6e16-58aa-44b4-a3fc-82b2039d036c.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>Jade Textile eyes three new factories for USD 180 mn. 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