{"id":675652,"date":"2025-11-17T00:00:00","date_gmt":"2025-11-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/17\/kb-denim-to-set-up-usd-300-mn-factory\/"},"modified":"2025-11-17T00:00:00","modified_gmt":"2025-11-17T00:00:00","slug":"kb-denim-to-set-up-usd-300-mn-factory","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/17\/kb-denim-to-set-up-usd-300-mn-factory\/","title":{"rendered":"KB Denim to set up USD 300 mn factory"},"content":{"rendered":"<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><a target=\"_blank\" href=\"https:\/\/kbdenim.com\/\" style=\"\" rel=\"noopener\">KB Denim<\/a><\/strong><strong> plans to set up a USD 300 mn, 140k sqm denim fabric factory in Tenth <\/strong><strong>of Ramadan <\/strong>to expand its production capacity and meet growing demand, Production Manager Ayman Gouda told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2025\/11\/15\/1929226\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. The company aims to double its monthly output to 2.4 mn meters within two years and raise exports from 20% to 50% of total production by 2026.<\/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\">DISPUTE WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qalaa Holding\u2019s ASEC Cement <\/strong><strong>won<\/strong><strong> an international arbitration case against <\/strong><strong>Algerian company Zahna Cement<\/strong>, granting it USD 63 mn in compensation and expenses, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/1145.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> to the EGX. The arbitration decision, handled by the International Chamber of Commerce, has now been upheld by French courts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SETTING THE RECORDING STRAIGHT- <\/strong>Qalaa highlighted that this case is different from the larger arbitration case that Asec Cement and Qalaa Holdings filed against the Algerian government. The two companies sued the Algerian government back in 2021 for harming their cement projects in Djelfa and Zahana \u2014 impairing their value and ultimately forcing the sale of a local subsidiary, according to the UNCTAD <a target=\"_blank\" href=\"https:\/\/investmentpolicy.unctad.org\/investment-dispute-settlement\/cases\/1149\/qalaa-and-asec-v-algeria\" style=\"\" rel=\"noopener\">website<\/a>. Qalaa and Asec Cement are seeking about USD 900 mn in compensation.<\/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>Emirati real estate developer and contractor <\/strong><strong>Arkan <\/strong><strong>is stepping into the Egyptian <\/strong><strong>market<\/strong> with plans to invest more than EGP 10 bn through a new vehicle \u2014 called SLCITI \u2014 in the first phase of its expansion, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/arkan-launches-new-entity-slciti-to-strengthen-its-investment-presence-in-the-egyptian-market-vll5i59b\" style=\"\" rel=\"noopener\">press release<\/a>. SLCITI will focus on studying the local market using big data and AI tools to track demand, assess potential investments, and support Arkan\u2019s plans to develop a diversified portfolio.<\/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\">REGULATION WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Financial Regulatory Authority revoked the microfinance licenses of 258 <\/strong><strong>category C NGOs<\/strong> for failing to comply with microfinance regulation, the authority said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02ighm6DwGBj9qKLgDE5s5i9zwx5uzvmWcqczwLGxjXYrvzpW8U7dSw8uAs71LoVJWl\" style=\"\" rel=\"noopener\">statement<\/a>. The move came after repeated warnings and grace periods were issued to correct their status. The affected entities didn\u2019t provide any financial services and failed to submit periodic reports and financial statements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- Qalaa Holding\u2019s ASEC Cement has won an international arbitration case against Algerian company Zahna Cement<\/p>\n","protected":false},"author":1,"featured_media":675653,"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":[111,957,72,76,145,131,613,871,2080],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-675652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-dispute-watch","tag-enterpriseam","tag-financial-regulatory-authority","tag-logistics","tag-manufacturing","tag-qalaa-holdings","tag-regulation-watch","tag-textiles","wpautop","entry"],"acf":{"mongo_id":"17790629-03e3-4212-ad7c-9fcfc473fc34","order":"12","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/11\/1215.jpg","photo_position":"above","homepage_title":"","full_issue_title":"KB Denim to set up USD 300 mn factory","related_issue":[675632],"teaser":"PLUS- Qalaa Holding\u2019s ASEC Cement has won an international arbitration case against Algerian company Zahna Cement","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.0b41caa3-cd15-494c-b7db-3769efa32e2c.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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ASEC has been managing Beni-Suef\u2019s factory for over 20 years. The dispute started in October 2020, when Misr Beni-Suef began\u2026","rel":"","context":"In &quot;DISPUTE WATCH&quot;","block_context":{"text":"DISPUTE WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/dispute-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595624,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/01\/egyptian-refining-company-suez-cement-arabian-cement-sign-petroleum-coke-supply-agreements\/","url_meta":{"origin":675652,"position":1},"title":"Egyptian Refining Company, Suez Cement, Arabian Cement sign petroleum coke supply agreements","author":"enterpriseam admin","date":"1 August 2019","format":false,"excerpt":"Qalaa\u2019s ERC signs pet coke supply agreements with Suez Cement, Arabian Cement: Qalaa Holdings\u2019 Egyptian Refining Company (ERC) has inked agreements with Suez Cement and Arabian Cement to supply 500k tonnes of petroleum coke each year. Arabian Cement has agreed (pdf) to purchase 300k tonnes a year while Suez Cement\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/14.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578284,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/21\/rameda-obtains-exclusive-rights-to-sell-physiomer-nasal-spray-in-egypt\/","url_meta":{"origin":675652,"position":2},"title":"Rameda obtains exclusive rights to sell Physiomer nasal spray in Egypt","author":"enterpriseam admin","date":"21 December 2022","format":false,"excerpt":"EGX-#1- Watania Kuwatia could make its EGX debut as soon as January: Local agriculture player Watania Kuwatia is planning on making its market debut during 1Q 2023, Chairman Mohamed El Gammal reportedly told Al Borsa. The company recently raised its capital from EGP 250 mn to 300 mn via a\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","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\/2022\/12\/457.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577648,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/30\/gb-auto-misr-beni-suef-cement-have-separate-arbitration-news-for-us\/","url_meta":{"origin":675652,"position":3},"title":"GB Auto, Misr Beni Suef Cement have separate arbitration news for us","author":"enterpriseam admin","date":"30 November 2022","format":false,"excerpt":"GB Auto has filed an arbitration case against the Algerian government for what it says are \u201csevere damages and losses suffered\u201d due to unspecified measures taken against GB Auto\u2019s units and investments in the country. In an EGX disclosure (pdf), the company says its Algerian units \u2014 GBR Auto and\u2026","rel":"","context":"In &quot;DISPUTE WATCH&quot;","block_context":{"text":"DISPUTE WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/dispute-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/502.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542453,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/11\/two-chinese-players-break-ground-on-usd-270-mn-worth-of-projects\/","url_meta":{"origin":675652,"position":4},"title":"Two Chinese players break ground on USD 270 mn worth of projects","author":"enterpriseam admin","date":"11 December 2025","format":false,"excerpt":"PLUS- Blue Ocean Corporation opened an office in Egypt","rel":"","context":"In &quot;Also on our Radar&quot;","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\/2025\/12\/720.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":661261,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/25\/qalaa-holdings-inaugurates-two-factories-with-combined-investments-of-egp-427-mn\/","url_meta":{"origin":675652,"position":5},"title":"Qalaa Holdings inaugurates two factories with combined investments of EGP 427 mn","author":"enterpriseam admin","date":"25 February 2025","format":false,"excerpt":"The company expects the new facilities to increase export revenues by USD 40 mn","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2368.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\/675652","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=675652"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/675652\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/675632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/675653"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=675652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=675652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=675652"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=675652"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=675652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}