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Egypt approves establishment of new Ain Sokhna private freezone + Hutchison Ports eyes USD 2 bn in investments in Egypt
The freezone will produce bio quartz and panels, mostly for export
Egypt inks several MoUs to localize its railway industry + new agreements to complete its 2k-km high-speed rail
The novel agreements will see Egypt become the first country in the region to manufacture mobile units
Could China’s monopoly over shipping containers soon end? + These are the countries benefiting from decoupling
The shipping industry is increasing efforts to veer away from its reliance on China for steel container production amid tensions…
Private players in talks to develop USD 2 bn Eastern Desert industrial zone in Egypt
The planned zone will cater to the mining and trade sectors, among others
Huawei is setting up a “secret” semiconductor chip supply chain
Chinese tech giant Huawei is covertly ramping up chip manufacturing facilities with extensive support from the state, Bloomberg reports, citing…
UAE + Japanese firms to establish low-carbon iron supply chain hub in Abu Dhabi
AD Ports will offer maritime and logistics services to facilitate imports and exports for the hub
Egypt’s Pyramids Tires breaks ground on facility for cargo, passenger vehicle tires. PLUS: Bahrain joins GCC payment system + Tunisian e-commerce startup raises funds
MANUFACTURING- Egypt’s Pyramids Tires break ground on tire manufacturing hub in Saudi: Egyptian tire manufacturing company Pyramids Tires has begun…
Egyptian National Railways + Austria’s Voestalpine partner up to manufacture and supply railway switches
Voestalpine Egypt for Railway Switch Technology will produce 300 switches annually under the agreement
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