Egypt aims for $20bn in apparel exports by 2030, tapping global supply chain realignments
Egypt’s ready-made garments and textiles sector has strong potential to achieve a major export leap and reach $20bn in annual exports by 2030, driven by global supply chain shifts and state-led efforts to strengthen manufacturing competitiveness, according to Mahmoud Ghazal,
Egypt’s AOI signs defence production deals with Chinese and Pakistani firms
Egypt’s Arab Organization for Industrialization (AOI) has signed memoranda of understanding with Chinese and Pakistani companies to localise the manufacturing of advanced military systems and technology, the authority said in a statement. AOI Chairman Major General Mokhtar Abdel Latif stated
Egyptian companies account for 63% of nation’s apparel export structure
Egyptian companies have maintained a dominant position within the country’s ready-made garment export structure, consistently holding a 62%-63% share of total exports. In comparison, foreign companies operating in Egypt account for 37%-38%. These figures highlight the vital role of local
Egypt, S. Korea hold meeting to tackle investment challenges, deepen economic cooperation
Egypt’s General Authority for Investment and Free Zones (GAFI) convened the inaugural meeting of the Egyptian-Korean Business and Investment Development Committee, with the participation of GAFI CEO Hossam Heiba and Hyundo Yi, Commercial Attaché at the South Korean Embassy in
Egypt prepares major incentive packages to attract green hydrogen investments: Petroleum Minister
Petroleum and Mineral Resources Minister Karim Badawi announced that Egypt is developing a set of highly attractive incentive packages to accelerate investment in green hydrogen, as the country works to position itself as a central player in the emerging global
FRA issues first unified guide to its services
The Financial Regulatory Authority (FRA) has issued its first unified guide to all FRA services, a move aimed at simplifying the business environment for individuals and companies operating within Egypt’s non-banking financial sector. The launch marks a significant milestone for
ETA issues comprehensive manual on tax treatment of exported services: Authority head
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), announced the issuance of a comprehensive guidance manual detailing all aspects of the tax treatment of exported services. The manual aims to clarify the definition of these services under the
Egypt to host Barcelona Convention COP24 on advancing Mediterranean marine protection
Egypt will host the 24th Meeting of the Contracting Parties to the Barcelona Convention (COP24) from December 2 to 5, bringing together environment ministers and representatives from 21 Mediterranean countries, along with senior officials from the UN Environment Programme (UNEP),
Egypt’s ECS, US Commercial Service discuss strengthening economic partnership
Head of the Egyptian Commercial Service (ECS) Abdel Aziz El-Sherif met with US Foreign Commercial Service Officer Paul Oliva and Jennifer Patterson, who oversees trade and investment at the Economic Office of the US Embassy in Cairo, as part of
Egypt, Saudi Arabia set to launch joint initiative to localize medical supplies production
Saudi Deputy Minister of Industry and Mineral Resources for Mining Affairs Khalid bin Saleh Al-Mudaifer visited the Wadi El-Nile Stio plant for hemodialysis filter and dialyzer manufacturing in Cairo as part of his official trip to Egypt. During the tour,