{"id":677041,"date":"2025-12-10T00:00:00","date_gmt":"2025-12-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/10\/chinas-fountain-set-eyes-usd-100-mn-textile-project\/"},"modified":"2025-12-10T00:00:00","modified_gmt":"2025-12-10T00:00:00","slug":"chinas-fountain-set-eyes-usd-100-mn-textile-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/10\/chinas-fountain-set-eyes-usd-100-mn-textile-project\/","title":{"rendered":"China\u2019s Fountain Set eyes USD 100 mn textile project"},"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>#1- Chinese textile firm Fountain Set wants to set up a USD 100 mn textile and <\/strong><strong>spinning complex <\/strong>under the framework of a freezone or economic zone, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/GAFIEG\/posts\/pfbid02ti9jdWyVrXCbSGfGcbBShUZqQt5pTTiHLEcBVSYSuL1py39U67cUeQFinoyKF2sUl\" style=\"\" rel=\"noopener\">statement<\/a>. The 200k sqm project will create 1.5k jobs and will focus on exports to Europe and Africa.<\/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<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- The Egyptian arm of Germany\u2019s Leoni inaugurated its 14k sqm plant for the <\/strong><strong>manufacture of wiring harnesses and electric cables for vehicles<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0aGDmmCje3oEWaPYnoBg9bD2fex5V6FQKamfYKV7ybqY8hX3ffJf2jk4F3PT7fpf9l\" style=\"\" rel=\"noopener\">statement<\/a>. The new Badr City facility will produce wiring systems for both conventional and electric vehicles.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>The company plans to establish a new industrial complex over two phases, with the first scheduled to come online by mid-2027, bringing total employment to around 7k workers, according to a separate <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/mti.egypt\/posts\/pfbid02sLs6H9Q21x9ozXJVDJBMBhSxbCoescEqX7JaFAmP3HCi9vNxFLuHKRko7yuZvee1l\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p class=\"tag-border-left\">AUTOMOTIVE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abou Ghaly Motors is looking to put its weight behind localizing the <\/strong><strong>manufacture of motorcycles<\/strong>, with the local automotive player seeking to attract investments and foreign companies to partner with, according to an Investment Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid0MRdHoQxERfQdwmkEBhpGKBcAsRkvnhpXuw5ZX8SRmubLmMW69Vpp5EZArzcaYFD2l&id=61562245173260\" style=\"\" rel=\"noopener\">statement<\/a>. CEO Mohamed Abou Ghaly specifically namechecked Vespa brand-owner Piaggio during a meeting with Investment Minister Hassan El Khatib, who issued a directive for a market study in partnership with the country\u2019s automotive players to explore the initiative.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Two wheels may be better than four when it comes to easing congestion<\/strong>, as Abou Ghaly highlights that motorcycles in some cities in Europe and East Asia account for 70% of the vehicles on the road and help alleviate traffic. The cheaper form of transport is also a good option for young people and university students, given the price of cars, he added.<\/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 Aviation signed a long-term offtake agreement with Green Sky <\/strong><strong>Capital<\/strong><strong> to buy all output from its planned commercial-scale sustainable aviation fuel (SAF) plant in Egypt<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/shell-aviation_sustainableaviationfuel-energytransition-activity-7401579979605790720-nV9K?utm_source=share&utm_medium=member_desktop&rcm=ACoAACxR4pABvSbcxsBMUc-IOBf0VI1XWqO_Tx0\" style=\"\" rel=\"noopener\">statement<\/a>. The facility will produce up to 145k tons of SAF annually, along with bionaphtha and biopropane, and offset some 500k tons of carbon dioxide emissions equivalent annually. Operations are set for late 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project isn\u2019t the only one aiming to be the first commercial-scale SAF plant in Egypt<\/strong>, as the state\u2019s planned <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8fd53fdc-ed59-4219-9f14-e3ab535b0640\/oil-ministry-gets-the-ball-rolling-on-usd-530-mn-sustainable-aviation-fuel-project\" style=\"\" rel=\"noopener\">USD 530 mn SAF production complex<\/a> in Alexandria is also positioning itself for the role.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- Abou Ghaly Motors wants to localize the manufacture of motorcycles<\/p>\n","protected":false},"author":1,"featured_media":677042,"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":[2729,111,144,93,72,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-677041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-abou-ghaly-motors","tag-also-on-our-radar","tag-automotive","tag-energy","tag-enterpriseam","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"b65740ad-cb3b-4471-851b-5db17513ad64","order":"11","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/12\/597.jpg","photo_position":"above","homepage_title":"","full_issue_title":"China\u2019s Fountain Set eyes USD 100 mn textile project in Egypt","related_issue":[677023],"teaser":"PLUS- Abou Ghaly Motors wants to localize the manufacture of motorcycles","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/12\/.adbd53ac-7028-4e50-8ff4-46a82ad92504.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The partnership was first announced in August, soon after GB Auto parted ways with Geely, having introduced it to the market.","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590094,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/13\/abou-ghaly-ties-up-with-nbe-metito-eyes-desalination-plants\/","url_meta":{"origin":677041,"position":2},"title":"Abou Ghaly ties up with NBE + Metito eyes desalination plants","author":"enterpriseam admin","date":"13 July 2023","format":false,"excerpt":"The desalination plants would have a combined capacity of 200k cubic meters","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\/2023\/7\/520.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558537,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/16\/abou-ghaly-motors-is-now-local-agent-of-geely\/","url_meta":{"origin":677041,"position":3},"title":"Abou Ghaly Motors is now local agent of Geely","author":"enterpriseam admin","date":"16 August 2021","format":false,"excerpt":"Geely cars will now be sold in Egypt by Abou Ghaly Motors: Chinese carmaker Geely Auto has inked an agreement with local agent Abou Ghaly Motors to sell its vehicles in Egypt, less than a fortnight after splitting from GB Auto, Geely announced in a statement (pdf) yesterday. 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