{"id":663097,"date":"2025-03-27T00:00:00","date_gmt":"2025-03-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/27\/idg-plans-to-set-up-new-industrial-zone-in-new-capital-new-october\/"},"modified":"2025-03-27T00:00:00","modified_gmt":"2025-03-27T00:00:00","slug":"idg-plans-to-set-up-new-industrial-zone-in-new-capital-new-october","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/27\/idg-plans-to-set-up-new-industrial-zone-in-new-capital-new-october\/","title":{"rendered":"IDG plans to set up new industrial zone in new capital, New October"},"content":{"rendered":"<p class=\"tag-border-left\">MANUFACTURING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>I<\/strong><strong>DG eyes <\/strong><strong>new industrial zones: <\/strong>The Industrial Development Group (IDG) is planning to launch and develop new industrial zones in the new capital, New October, and other locations that will be disclosed over the coming period, company representatives <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/2233.pdf\" style=\"\" rel=\"noopener\">said (pdf)<\/a> yesterday during its annual sohour which EnterpriseAM attended. Its expansion plan will also see it ramp up investment in its existing industrial zones in 6th of October, New Alamein, and East Port Said and expand its product offering to include innovative financial solutions to support MSMEs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EXPANSION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Petroje<\/strong><strong>t to build factories<\/strong><strong> in Algeria, Saudi Arabia: <\/strong>State-owned oil and gas contractor Petrojet is establishing a JV with Algeria's Sonatrach to set up a static equipment facility in the North African country, the first of its kind in Algeria, according to an Oil Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0QvB6uiu5nMQYPJHyxzi5VKBterRbMuafuuu9Ypm64df8fyh1Nn6Mdp67piLpEfQPl\" style=\"\" rel=\"noopener\">statement<\/a>. The company is also setting up a manufacturing center in Saudi Arabia\u2019s King Salman Energy Park in partnership with Aramco.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019ve been exploring partnership prospects with Sonatrach for some time:<\/strong> Petrojet and Sonatrach conducted a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/93160d2e-ce04-4bab-bc82-b14c9863975b\/\" style=\"\" rel=\"noopener\">feasibility study<\/a> last year to set up a JV in Algeria to design and manufacture pressure vessels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More expansions in the pipeline:<\/strong> Petrojet is expanding into seawater desalination, green hydrogen, and solar energy projects while targeting new markets, including Mozambique, Angola, the Congo, and Croatia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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- <\/strong><strong>AAIB eyes Saudi market<\/strong><strong> amid rising interest from Egyptian investors: <\/strong>Egypt\u2019s Arab African International Bank (AAIB) plans to open a branch in Saudi Arabia to support Egyptian investors expanding into the Kingdom, two insiders told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/banks\/75351\/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A-%D8%A7%D9%84%D8%A3%D9%81%D8%B1%D9%8A%D9%82%D9%8A-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A-%D9%8A%D8%B9%D8%AA%D8%B2%D9%85-%D8%AF%D8%AE%D9%88%D9%84-%D8%A7%D9%84%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9\/?utm_source=facebook&utm_medium=social&utm_campaign=asharq_business_egy_fb\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The bank has already secured regulatory approval in Egypt and is awaiting Saudi clearance, Asharq Business reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MANUFACTURING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt<\/strong><strong> and KSA will partner up <\/strong><strong>to produce fertilizers<\/strong> and soil enhancers in North Cairo\u2019s Nubariya, under an agreement inked between the Agricultural Research Center and a Saudi agriculture player, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02z4bkPJEnHADc9ShWSXemh5jMTJXSDpC4jLrMuzYDuwZdtNrK1wyFVPgFGd17JAmJl\" style=\"\" rel=\"noopener\">statement<\/a>. At a later stage, the two sides plan to collaborate on seed production, clean energy \u2014 with a focus on solar energy \u2014 medicinal and aromatic plants, and research. Fertilizer production will begin next June. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Kima se<\/strong><strong>cures EGP 10 bn <\/strong><strong>funding for nitric acid, ammonium nitrate project:<\/strong> State-owned Egyptian Chemical Industries (Kima) secured the equivalent of EGP 10 bn in funding from six banks to support its nitric acid and ammonium nitrate project, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/2197.pdf\" style=\"\" rel=\"noopener\">EGX disclosure (pdf)<\/a>. The funding includes an USD 82.9 mn loan and a EGP 5.9 bn loan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Kima had reportedly reached <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7e735abe-cb49-4dff-9305-21e000783972\/hyundai-appliances-wants-to-set-up-shop-in-egypt\" style=\"\" rel=\"noopener\">initial agreements<\/a> with six local banks last year to finance its nitric acid and ammonium nitrate project. The banks involved were the National Bank of Egypt, Banque Misr, Banque du Caire, Bank ABC, Arab African International Bank, and Egyptian Arab Land Bank.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- Petrojet to build factories in Algeria, Saudi Arabia<\/p>\n","protected":false},"author":1,"featured_media":663098,"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":[111,430,7106,93,72,99,2764,253,131,91,2324],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-663097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-arab-african-international-bank","tag-debt","tag-energy","tag-enterpriseam","tag-fertilizers","tag-industrial-development-group","tag-kima","tag-manufacturing","tag-oil-and-gas","tag-petrojet","wpautop","entry"],"acf":{"mongo_id":"2b3387f9-d941-4e2a-ab0e-f1e047e7bd6a","order":"12","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/2237.jpg","photo_position":"above","homepage_title":"","full_issue_title":"IDG plans to set up new industrial zone across Egypt","related_issue":[663076],"teaser":"PLUS- Petrojet to build factories in Algeria, Saudi Arabia","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.0e90ad1d-37df-4ef6-bc87-6e8d7656f870.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>IDG plans to set up new industrial zone in new capital, New October - 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\/2025\/03\/27\/idg-plans-to-set-up-new-industrial-zone-in-new-capital-new-october\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IDG plans to set up new industrial zone in 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