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A new cooling compressor plant, described as the first of its kind in Egypt, the Middle East, and Africa, has commenced operations in the West Gerga industrial zone as part of a wider EGP 1.6bn development programme in Upper Egypt. Planning, Economic Development and International Cooperation Minister Rania Al-Mashat and…

The Egyptian Cabinet’s Media Center has issued a formal statement to debunk widespread allegations regarding the purported “concession” of land in Sokhna to the Qatari company, Al-Mana Group, without financial or investment returns for the state. The General Authority for the Suez Canal Economic Zone (SCZONE) categorically denied these claims,…

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 Canal Economic Zone (SCZone) confirmed on Thursday that all facilities…

Egypt’s food industry exports reached more than $5.8bn during the first ten months of 2024, marking an 11% increase compared to the same period last year, Deputy Prime Minister for Industrial Development Kamel al-Wazir said on Thursday. Opening the fourth annual “Food Egypt” conference, Wazir, who also serves as Minister…

Egypt is expanding strategic partnerships with global technology leaders including Philips and General Electric to localise the manufacturing of medical imaging equipment and transfer advanced diagnostic technology, Deputy Prime Minister and Minister of Health Khaled Abdel Ghaffar said on Thursday. Opening the fourth International Radiology Conference, Abdel Ghaffar stated that…

Egypt is accelerating the implementation of a digital “Track & Trace” system for essential commodities to enhance governance and secure the national food supply chain, Supply and Internal Trade Minister Sherif Farouk said on Thursday. The digital system aims to monitor the movement of strategic goods through every stage of…

Helwan Castings (Factory 9) serves as a vital industrial stronghold capable of meeting military and civilian requirements for engineering castings that add significant value to the national economy, Minister of State for Military Production Mohamed Salah said on Thursday. During an unannounced inspection of the facility to monitor production workflows,…

Egypt has launched a unified digital platform, “Property Egypt,” to facilitate real estate ownership for foreigners and Egyptians living abroad as a primary mechanism to increase foreign currency resources, Prime Minister Mostafa Madbouly said on Thursday. The platform is designed to provide a secure digital system for property exports, ensuring…

The Chairman of Orascom Investment Holding (OIH), Naguib Sawiris, has announced his intention to compete for the management contract of the Hurghada International Airport. Sawiris revealed that OIH has recently been approached by prominent British and French firms to form a consortium, aiming to bid for the first airport the…