IDG targets EGP 3bn investments in industrial zones by 2025

Egypt’s Industrial Development Group (IDG) has outlined its strategy for 2025, aiming to invest EGP 3bn into developing industrial land in various regions across the country. The company plans to accelerate land development and infrastructure improvements in key areas such as 6th of October City, Alamein, and East Port Said,…

Cabinet addresses key manufacturing challenges, economic growth initiatives

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, highlighted the urgent need to address immediate challenges faced by manufacturers in Egypt’s industrial zones during a recent meeting. Manufacturers from the 10th of Ramadan Industrial Zone raised concerns regarding fluctuating electricity supply, prompting the minister…

CIB, MSMEDA sign strategic partnership to support SMEs

Commercial International Bank (CIB) has announced the signing of a strategic cooperation protocol with the Micro, Small, and Medium Enterprise Development Agency (MSMEDA) to bolster support for entrepreneurs and small and medium enterprises (SMEs) across Egypt. This partnership is aligned with the Egyptian government’s plan to stimulate economic growth, boost…

Al-Mashat, AFC CEO discuss renewable energy investment at Davos

Egyptian Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, met with Samaila Zubairu, CEO of the African Finance Corporation (AFC), during the 2025 World Economic Forum in Davos to discuss joint efforts to mobilise investments in renewable energy.   Al-Mashat, also co-chair of the Global South Network for…
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