Manufacturing
Egyptian Ambassador to Baghdad met Tuesday with Iraqi Minister of Manufacturing and Minerals Khaled Battal Negm.
The Egyptian prime minister presented investment incentives to the Saudi Industry Minister.
Prime Minister Mostafa Madbouly highlighted that the government has a strong interest in the mobile phone industry, both for meeting local demand and for export purposes in a recent cabinet meeting.
A number of mechanisms have already been adopted by some investors to reduce emissions and boost the recycling of minerals and water.
The company has founded a complex consisting of four factories worth $12 million.
These efforts aim to maximize the potential of Egypt's mineral assets and foster the localization of digital chip and solar cell industries
Since 2018, the government has been implementing projects in relevant sectors with the aim of achieving that goal.
She noted that in spite of the anticipated economic growth deceleration in 2024 due to Middle East conflicts, the rate is projected to surpass regional average.
Madbouly stressed on the importance of developing Egypt’s local manufacturing of electronic chips, emphasizing the need to stimulate investments and establish a conducive business environment to expand the industry
Factories manufacturing in Egypt are facing a surge in steel prices, with the most recent increase by Ezz Dekheila Steel Company (Ezz Steel) earlier this week
President Abdel Fatah al-Sisi received Wednesday Chairman and CEO of Italy's Danieli Group Gianpietro Benedetti.
Participants in the National Dialogue's manufacturing session stipulated Tuesday the necessity of boosting the volume of exports, making commercial attaches more effective, and setting a national strategy to develop the sector.
The industrial sector in Egypt is divided into non-petroleum industries (80 percent), and petroleum industries (20 percent).
The General Authority for Investment and Free Zones in collaboration with the Administrative Authority with Jurisdiction is offering 600 industrial land plots for investors.
The report noted that the sector's shares in the GDP and non-oil exports are 16 percent, and 85 percent, respectively.
The two factories are said to produce electric and signaling systems and manufacturing parts for metro, highway rails, monorails, and railways. Their strategic location was chosen to facilitate trade in Alexandria
The funding was particularly directed to firms operating in the sectors of healthcare, manufacturing, and financial markets.
The Egyptian Company for Self-Maintenance for Roads and Airports made the announcement Wednesday in a meeting with Minister of Transport Kamel al-Wazir.
The statistics agency also reported a jump of 8.11 percent in the production of transport equipment to 128.60 in April 2023 from 118.95 in March during the same year
The total cost of the factories is LE31 billion, including a €600-million loan that is being used in the purchase of machinery.
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