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Industrial sector captures 61% of bank loans by March 2025: CBE

The Central Bank of Egypt (CBE) announced that the industrial sector remained the largest recipient of bank financing, accounting for around 61% of the total loan portfolio by the end of March 2025, according to the CBE's Financial Stability report.

Updated 10/19/2025 12:07:00 PM
Pakistan’s Interloop Group to launch 1st project in SCZONE with $35.2M investments

Waleid Gamal El-Dien, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), signed a deal with Pakistan-based Interloop Group for ready-made garments to develop a project with investments amounting to $35.2 million.

Updated 9/8/2025 2:14:00 AM
SCZone inks MoU with Tokyo Metropolitan Government on green hydrogen cooperation

The General Authority for the Suez Canal Economic Zone (SCZONE) signed a memorandum of understanding (MoU) with the Bureau of Industrial and Labor Affairs of the Tokyo Metropolitan Government to cooperate in the field of green hydrogen.

Updated 8/20/2025 9:39:00 AM
Egypt approves establishment of new public free zones in 4 cities

The Ministerial Group for Industrial Development has approved the establishment of new public free zones in 10th of Ramadan City, New October City, New Borg El Arab City, and New El Alamein City, introducing new regulations to protect local industry and ensure fair competition, as per a statement.

Updated 8/12/2025 9:32:00 AM
A Sustainable Future: Egypt’s Textile Recycling Projects Lead the Way

Egypt is taking decisive steps toward industrial sustainability and green economic growth with the launch of two major textile recycling projects. As global textile consumption rises and environmental challenges intensify, the country’s foray into large-scale recycling supports Egypt Vision 2030 goals.

Updated 5/5/2025 10:58:00 AM
Industry Ministry activates 1st phase of EGP 30B financing initiative for key sectors

The Ministry of Industry announced the launch of the first phase of a new initiative to provide EGP 30 billion in financing facilities at a diminished interest rate of 15% to support priority industrial sectors.

Updated 4/14/2025 10:05:00 AM
China’s Deli Group to develop $200M industrial complex in Egypt

Chinese office stationery manufacturer Deli Group plans to establish a $200 million industrial complex in the 10th of Ramadan City.

Updated 3/27/2025 9:44:00 AM
Egypt seeks $3.5B in industrial investments for 2025

Egypt aims to attract new industrial investments worth $3.5 billion in 2025, 15% more than last year.

Updated 2/20/2025 8:16:00 AM
Economic Boost: Egypt’s Leather Industry on the Move

The leather industry has been a key player in Egypt’s industrial landscape, contributing to economic development and export revenues. Renowned for its rich heritage in craftsmanship and access to high-quality raw materials, Egypt’s leather industry is experiencing a remarkable resurgence. This growth is fueled by rising demand and strategic government initiatives aimed at modernizing and expanding the sector.

Updated 1/26/2025 12:48:00 PM
El-Wazir unveils results of Robbiki Leather City’s factories offering

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir announced the results of the first offering of the ready-to-go factories in Robbiki Leather City’s third phase.

Updated 1/20/2025 3:51:00 AM
Egypt seeks German expertise to leverage local industry: El-Khatib

Egypt is seeking to benefit from German technologies and industrial expertise in developing the local industry.

Updated 1/15/2025 11:56:00 AM
Egypt launches EGP 30B initiative to bolster priority industrial sectors

Egypt has launched the first phase of a new EGP 30 billion initiative aimed at revitalizing priority industrial sectors.

Updated 12/30/2024 3:16:00 AM
Egyptian government probes developing Egyptalum with $250M investments

The Ministry of Public Business Sector is planning for the development of Aluminium Company of Egypt (Egyptalum) with total investments of $250 million over five years.

Updated 12/17/2024 9:47:00 AM
Robbiki Leather City offers 43 factories to investors

Cairo for Investment and Development Company is now accepting applications from local and international investors to reserve 43 ready-to-go factories for leather production and related industries in Robbiki Leather City.

Updated 12/16/2024 3:02:00 AM
SEII eyes minority stakes in several companies for 2025

The Saudi Egyptian Industrial Investment (SEII) is considering acquiring minority stakes in several companies during 2025.

Updated 12/10/2024 8:25:00 AM
El-Nasr Castings Company resumes operations after 2-year gear-up

El-Nasr Castings Company, the Egyptian leading manufacturer of grey and ductile iron products for the water and wastewater industry, will resume operations starting today, November 19th, ending a two-year suspension.

Updated 11/19/2024 8:06:00 AM
Egypt introduces 15% interest loans to support ceramic manufacturers

The Egyptian government has launched a new loan initiative offering a subsidized 15% interest rate to ceramic and porcelain manufacturers for the purchase of equipment and production materials.

Updated 11/13/2024 8:01:00 AM
Supply Ministry, Feerum probe localization of silo industry in Egypt

Egyptian Minister of Supply and Internal Trade Sherif Farouk has met with Janusz Musialski, CEO of Feerum Egypt, a subsidiary of the Poland-based silo manufacturer Feerum, to mull over the localization of the silo industry in Egypt.

Updated 10/28/2024 9:14:00 AM
El-Khatib, international automakers’ agents mull localization of automotive industry in Egypt

The Minister of Investment and Foreign Trade Hassan El-Khatib has met with distributors of international car brands and car agents and dealers to probe the localization of the automotive industry in Egypt.

Updated 10/22/2024 12:21:00 PM
Egypt, Japan mull collaboration in industry, transport sectors

The Minister of Industry and Transport Kamel El-Wazir has met the Japanese Ambassador to Egypt Oka Hiroshi to probe cooperation between Egypt and Japan in the industry and transport sectors.

Updated 10/10/2024 10:57:00 AM