{"id":79403,"date":"2024-07-01T00:00:00","date_gmt":"2024-07-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/01\/elaraby-group-will-develop-a-usd-500-mn-industrial-zone-in-egypt\/"},"modified":"2024-07-01T00:00:00","modified_gmt":"2024-07-01T00:00:00","slug":"elaraby-group-will-develop-a-usd-500-mn-industrial-zone-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/01\/elaraby-group-will-develop-a-usd-500-mn-industrial-zone-in-egypt\/","title":{"rendered":"ElAraby Group will develop a USD 500 mn industrial zone in Egypt"},"content":{"rendered":"

Egypt-based electronic and appliance provider <\/strong>Elaraby Group is investing USD 500 mn <\/strong>into developing an industrial complex in Egypt\u2019s Quweisna Industrial Zone<\/strong>, CEO Mohamed Alarabi told Asharq Business<\/a> on Saturday. The project will cover some 100 acres in the new industrial zone in Egypt\u2019s Menoufia Governorate, Amwal Al Ghad<\/a> reported.<\/p>\n

The breakdown:<\/strong> The complex will be developed in partnership with Japanese electronics company Sharp, Taiwanese textile firm Richie, and an unnamed Japanese company. Elaraby will own the majority stake in the project, according to the news outlet. Neither the division of shares nor the timeline for the project were disclosed.<\/p>\n

Details:<\/strong> The new industrial zone will house a variety of factories including two plants for refrigerators and air conditioner compressors and factories for deep freezers, air conditioners, stoves, and glass.<\/p>\n

About Quweisna Industrial Zone:<\/strong> The Quweisna zone, previously known as the Mubarak Industrial Zone, is located 2 km from the Cairo-Alexandria Agricultural Road, 60 km from Cairo, and 130 km from Alexandria, according to the Administrative Development Ministry\u2019s website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The complex will be developed in partnership with Japanese electronic company Sharp, Taiwanese textile company Richie and another unnamed Japanese company<\/p>\n","protected":false},"author":1,"featured_media":79404,"comment_status":"","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":[45],"tags":[49,44,21],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-79403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-egypt","tag-investment-watch","tag-zones","wpautop","entry"],"acf":{"mongo_id":"3a4346f8-3770-4041-9d38-a69321ac47a2","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/50.jpg","photo_position":"above","homepage_title":"","full_issue_title":"ElAraby Group will develop a USD 500 mn industrial zone in Egypt","related_issue":[79393],"teaser":"The complex will be developed in partnership with Japanese electronic company Sharp, Taiwanese textile company Richie and another unnamed Japanese company","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.38f74a74-9c72-4550-b430-b3ae97a8bdc7.mp3"},"yoast_head":"\nElAraby Group will develop a USD 500 mn industrial zone in Egypt - 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