Egypt’s IDA streamlines rules for changing, expanding industrial activities
Egypt’s Industrial Development Authority (IDA) has introduced a new set of streamlined regulations allowing manufacturers to change or add industrial activities within approved industrial zones, in a move aimed at reducing administrative burdens and accelerating licensing procedures. Under the updated
HSBC Egypt, Hong Kong TDC boost garment, textiles trade corridor
HSBC Egypt, in collaboration with the Hong Kong Trade Development Council (HKTDC), hosted the Hong Kong Garment and Textiles Business Mission at its Cairo headquarters, bringing together 12 leading Hong Kong apparel and textile companies to explore investment prospects in
Egypt moves to deepen local manufacturing, cut textile imports
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, held a meeting with Minister of Public Enterprises Sector Mohamed El-Shimy and a group of manufacturers from the spinning, textiles, ready-made garments, and home furnishings industries
Egyptian-Chinese alliance to invest $75m in West Qantara industrial projects
A consortium of Egyptian and Chinese companies has signed contracts for three new industrial projects in the West Qantara industrial zone, with a total investment of $75m (approximately EGP 3.6bn). The projects are expected to generate over $100m in annual