{"id":656948,"date":"2024-12-12T00:00:00","date_gmt":"2024-12-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/12\/el-wehda-and-state-entity-form-jv-to-build-regions-first-large-scale-shipbreaking-yard\/"},"modified":"2024-12-12T00:00:00","modified_gmt":"2024-12-12T00:00:00","slug":"el-wehda-and-state-entity-form-jv-to-build-regions-first-large-scale-shipbreaking-yard","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/12\/el-wehda-and-state-entity-form-jv-to-build-regions-first-large-scale-shipbreaking-yard\/","title":{"rendered":"El Wehda and state entity form JV to build region\u2019s first large-scale shipbreaking yard"},"content":{"rendered":"

Africa\u2019s first large-scale shipbreaking yard should<\/strong> hopefully soon be arriving in Egypt<\/strong>, with the state-run Holding Company for Maritime and Land Transport and El Garhy Steel\u2019s Wehda Industrial Development jointly establishing a company to pursue the project, according to a Transport Ministry statement<\/a>.The newly formed company builds on an MoU to two companies inked<\/a> In May.<\/p>\n

The project will be built on a 2 mn sqm area next to Damietta Port<\/strong>, with facilities that can accommodate ships up to 400 m and a displacement weight of 40k tons. In addition to shipbreaking, the project will also build and repair vessels. The project is also set to create 4k direct and indirect jobs.<\/p>\n

Increasing the local supply of raw materials is a big reason why the government is so<\/strong> keen on the project<\/strong>, with Transport and Industry Minister Kamel El Wazir saying that the scrap produced by breaking down the ships will help reduce the local iron and steel industry\u2019s import bill. An added plus is also the environmental benefit of recycling these materials, he added.<\/p>\n

The project should produce 1.5 mn tons of scrap a year within five years<\/strong> \u2014 doubling the amount that is currently collected locally. At present, a lack of input materials is contributing to factories working way under capacity, as the country\u2019s rebar manufacturers are only rolling out roughly 8 mn tons of rebar a year \u2014 around half of the total 16 mn tons they have the capacity for, El Wazir said.<\/p>\n

PLUS- The two sides also inked<\/strong> an MoU <\/strong>to further commercial and investment<\/strong> cooperation<\/strong>, with a specific focus on establishing and managing unclean dry bulk terminals in the hope of taking part in the state\u2019s plan to establish one in Dekheila port.<\/p>\n","protected":false},"excerpt":{"rendered":"

The project should produce 1.5 mn tons of scrap a year within five years \u2014 double the amount that is currently collected locally<\/p>\n","protected":false},"author":1,"featured_media":656949,"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":[72,145,131,451],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-656948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-enterpriseam","tag-logistics","tag-manufacturing","tag-recycling","wpautop","entry"],"acf":{"mongo_id":"124d794b-2e0e-4e94-8c48-a35c2cb622b4","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1158.jpg","photo_position":"above","homepage_title":"","full_issue_title":"El Wehda and state entity form JV to build region\u2019s first large-scale shipbreaking yard","related_issue":[656933],"teaser":"The project should produce 1.5 mn tons of scrap a year within five years \u2014 double the amount that is currently collected locally","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.91dc2de7-5418-4d74-947a-8d2b9355187a.mp3"},"yoast_head":"\nEl Wehda and state entity form JV to build region\u2019s first large-scale shipbreaking yard - 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PLUS: News from the EU, Supply Ministry, EGAS","author":"enterpriseam admin","date":"30 May 2024","format":false,"excerpt":"The services include the Visa Payment Passkey Service, a service that eliminates passwords for online payments and replaces them with a face or fingerprint scan","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\/2024\/5\/2529.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":656902,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/11\/a-new-ship-scrapping-and-recycling-project-at-damietta-port\/","url_meta":{"origin":656948,"position":1},"title":"A new ship scrapping and recycling project at Damietta Port","author":"enterpriseam admin","date":"11 December 2024","format":false,"excerpt":"Good afternoon, friends. This issue is packed with local and international news, which show no signs of letting up as we inch closer to the weekend.THE BIG STORY TODAY Egypt\u2019s first ship scrapping and recycling project takes off: El Wehda Industrial Development Company signed an MoU with The Holding Company\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/154.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":673874,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/20\/siemens-to-set-up-high-speed-train-car-factory\/","url_meta":{"origin":656948,"position":2},"title":"Siemens to set up high-speed train car factory?","author":"enterpriseam admin","date":"20 October 2025","format":false,"excerpt":"PLUS- Trial operation of the first line of the Alamein\u2013Sokhna high-speed railway will kick off next month","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\/2025\/10\/900.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":586561,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/14\/ashok-leyland-could-partner-with-el-nasr-auto-on-evs\/","url_meta":{"origin":656948,"position":3},"title":"Ashok Leyland could partner with El Nasr Auto on EVs","author":"enterpriseam admin","date":"14 May 2023","format":false,"excerpt":"El Nasr Auto has been looking for a new foreign partner since talks with Dongfeng ended in 2021","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\/2023\/5\/720.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":668820,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/22\/usd-216-mn-in-new-manufacturing-projects-incoming\/","url_meta":{"origin":656948,"position":4},"title":"USD 216 mn in new manufacturing projects incoming","author":"enterpriseam admin","date":"22 July 2025","format":false,"excerpt":"The government plans to scale up industrial investment in the governorates of Beni Suef, Minya, and Fayoum","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1363.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565919,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/big-plans-for-railway-manufacturing-in-the-sczone\/","url_meta":{"origin":656948,"position":5},"title":"Big plans for railway manufacturing in the SCZone","author":"enterpriseam admin","date":"17 May 2021","format":false,"excerpt":"Four foreign companies have bid to partner on a facility that will produce rail cars in the Suez Canal Economic Zone (SCZone), Al Mal reports, citing sources familiar with the matter. Canada\u2019s Bombardier, Russia\u2019s Transmashholding, Germany\u2019s Siemens, and South Korea\u2019s Hyundai Rotem are all in the running to take part\u2026","rel":"","context":"In "SPEED ROUND: TRANSPORT"","block_context":{"text":"SPEED ROUND: TRANSPORT","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/368.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\/656948","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=656948"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/656948\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/656933"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/656949"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=656948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=656948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=656948"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=656948"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=656948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}