Month: July 2026

Egypt implemented approximately EGP 215.5bn in green public investments during the 2024/25 fiscal year, with transport projects accounting for the largest share, according to a report reviewed by Minister of Planning and Economic Development Ahmed Rostom. The report highlights the government’s progress in integrating environmental sustainability into national development plans,…

Spain-based outsourcing company Konecta has opened its regional headquarters and first global centre of excellence for generative artificial intelligence in New Cairo as part of a $100m investment plan in Egypt, according to the Ministry of Communications and Information Technology. Inaugurated by Minister of Communications and Information Technology Raafat Hindi,…

The Chemicals and Fertilizers Export Council (CEC) has launched a new EU Export Incubator programme to help Egyptian companies comply with European Union regulations, as part of a broader strategy to accelerate the sector’s green transition and enhance the competitiveness of Egyptian exports. The initiative was unveiled during a workshop…

Siemens has inaugurated a new Electrification and Automation factory in Egypt, marking a strategic investment to localize the production of critical energy technologies, strengthen the country’s industrial base, and support its growing renewable energy and infrastructure sectors. The inauguration ceremony was attended by Minister of Electricity and Renewable Energy Mahmoud…

A consortium comprising Italy’s Eni and France’s TotalEnergies has taken the Final Investment Decision (FID) to develop the Cypriot “Cronos” gas field and connect it to Egyptian infrastructure, according to Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi. During a meeting with Prime Minister Mostafa Madbouly in New Alamein…

Egypt’s apparel exports increased by 15% year-on-year during the first half (H1) of 2026, reaching $1.775bn compared with $1.548bn during the same period in 2025, according to the Apparel Export Council (AEC). The council said the sector maintained strong growth momentum despite ongoing challenges affecting global trade, supported by increased…

Egypt is preparing to roll out a broad package of industrial reforms aimed at attracting investment, supporting manufacturers and expanding domestic production, Industry Minister Khaled Hashem announced on Tuesday, unveiling new financing mechanisms, regulatory changes, and sector-specific initiatives. Speaking at a press conference, Hashem said the Ministry of Industry will…

Egypt ranked first in Africa for attracting foreign direct investment (FDI) for the fourth consecutive year, recording inflows of $15.5 billion, while also placing second among Arab countries, reflecting investors’ confidence in the Egyptian economy and the country’s economic reform program, Minister of Investment and Foreign Trade Mohamed Farid Saleh…