Cabinet grants golden licenses to MAC, Deli Egypt for EGP 15.1bn in new investments
The Egyptian Cabinet, chaired by Prime Minister Mostafa Madbouly, approved a package of major decisions during its 71st meeting, underscoring efforts to localise industry, attract foreign investment, expand clean energy, and support regional development. Chief among the approvals was the
Four-nation consortium launches 2GW Atum Solar plant in Egypt targeting US exports
Egypt laid the foundation stone on Monday for a $210m solar energy manufacturing complex in the Suez Canal Economic Zone (SCZONE), a project involving Chinese, Emirati, Bahraini, and Egyptian partners with a targeted annual capacity of 2 gigawatts (GW). The
Egypt, Qatar explore joint industrial projects to strengthen economic cooperation
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir held high-level talks with Ahmed bin Mohammed Al-Sayed, Qatar’s Minister of Foreign Trade, to explore the launch of joint Egyptian-Qatari industrial projects aimed at deepening
Egypt launches mobile app to streamline investor support, industrial complaints
The Egyptian Ministry of Industry has launched a new mobile application, Investor Support, aimed at simplifying the submission and tracking of industrial complaints and inquiries. Available on both Android and iOS, the app provides investors with a direct communication channel
Deli Group breaks ground on new factory in 10th of Ramadan City
Deli Group, one of the world’s largest companies in office supplies, stationery and workplace solutions, has laid the foundation stone for its new factory in 10th of Ramadan City during a high-level ceremony. The Group holds a strong global position,
Egypt, Volkswagen discuss multi-stage plan to localise car manufacturing
Egypt’s Vice Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, held a virtual meeting with Thomas Schäfer, CEO of the Volkswagen brand and member of the Volkswagen Group Board of Management, to discuss the company’s
Egypt, Bulgaria sign protocol to expand economic ties across 19 sectors
Egypt and Bulgaria have signed a protocol to strengthen cooperation across 19 strategic sectors, including renewable energy, industry, and investment, aiming to bolster economic relations ahead of the centenary of diplomatic ties between the two nations. The agreement was finalised
Egypt forms committee to address customs disparities, strengthen local industry
Minister of Industry and Transport and Deputy Prime Minister for Industrial Development Kamel Al-Wazir has announced the formation of a committee to investigate harmful customs disparities affecting local industries and propose corrective measures. The committee will be chaired by the
Government introduces new deadlines, incentives for delayed industrial projects
The Ministry of Industry has announced a new package of extensions and facilitations for delayed industrial projects that have exceeded their prescribed implementation timelines. The decision reflects the Ministry’s commitment to supporting manufacturers, enabling stalled yet serious projects to resume
Egypt secures €53.8m green industry financing from AFD, EIB
Egypt signed a €53.8m concessional financing and grant agreement with the French Development Agency (AFD) and the European Investment Bank (EIB) to support its Sustainable Green Industries (GSI) programme, which promotes greener industrial production, reduces emissions, and enhances competitiveness, the