Egypt, South Korea sign joint statement on Comprehensive Economic Partnership Agreement
Egypt and South Korea have taken a major step to deepen economic cooperation, with Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, and Yeo Han-koo, South Korea’s Minister of Trade, Industry, and Resources, signing a joint statement on a
Egypt green hydrogen project begins exports to European and US markets
A 100MW green hydrogen project in Egypt’s Suez Canal Economic Zone (SCZONE) has commenced partial production and started exporting to European and United States markets, according to a government statement released on Tuesday. Prime Minister Mostafa Madbouly met with a
Turkish firm Eroglu Moda Tekstil to invest $5.6m in Egypt garment factory
Turkish company Eroglu Moda Tekstil has signed an agreement to establish a $5.6m (EGP 265m) ready-made garment factory in the West Qantara Industrial Zone, targeting the export of 95% of its annual production to global markets. Waleid Gamal El-Dein, Chairperson
Main Development Company signs EGP 1bn deal for West Qantara industrial site
The Suez Canal Economic Zone (SCZONE) signed a EGP 1bn usufruct contract on Monday with the Main Development Company (MDC) to develop pre-built factories in the West Qantara industrial zone. The project involves the development of a total area of
Government clarifies Al Mana aviation fuel project at Sokhna based on usufruct, not land sale
Egypt has denied claims that it ceded land in the Sokhna integrated zone to Qatar’s Al Mana Holding, clarifying that the company’s sustainable aviation fuel project is based on a usufruct system and remains under full Egyptian sovereignty. The Suez
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
Qatar’s Al Mana Holding to invest $200m in Egypt sustainable aviation fuel plant
Qatar’s Al Mana Holding signed a contract on Sunday to invest $200m in a sustainable aviation fuel (SAF) production plant in the Suez Canal Economic Zone (SCZONE), marking the first Qatari industrial investment in the zone. The project, which will
Egyptian Commercial Service launches first SCZONE investment promotion mission to U.S.
The Egyptian Commercial Service (ECS) office in Washington, headed by Minister Plenipotentiary for Commercial Affairs Yehia El Wathik Bellah, organised Suez Canal Economic Zone (SCZONE) Chairperson Walid Gamal El-Din’s first promotional mission to the United States from 1 to 5
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 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