Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir met with representatives of 29 French companies and institutions and discussed investment opportunities in Egypt

The Egyptian Ministry of Electricity and Renewable Energy is working with China’s Huawei to localize the production of metering equipment and enhance integration between meters for tracking energy usage and detecting tampering.

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.

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.

Prime Minister Mostafa Madbouly has discussed possible cooperation opportunities with the automaker Kasrawy Group in the localization of automotive industry and exporting abroad.

The cabinet has approved a draft resolution on the establishment and formation of the national council for the localization of electronic chips and solar cells manufacturing, as per a statement.

The Egyptian government is planning to set up three strategic factories for locally manufacturing car components and raw materials.

Egypt’s medicine city Gypto Pharma has signed a strategic partnership agreement with the US-based healthcare firm Abbott to boost the localization of pharmaceutical manufacturing in Egypt.

Egyptian and Gulf investors have launched a joint venture called Auto Mobility to be the Egyptian local agent of China’s Geely with investments of $100 million.

The Egyptian Prime Minister Mostafa Madbouly has met with officials from the Chinese firms Hony Capital and China National Building Material (CNBM) to probe cooperation in the field of photovoltaic (PV) cells and semiconductors.

Al-Mansour Automotive Co is planning to invest $35 million into the establishment of a factory to locally assemble cars and manufacture spare parts.

Egyptian Prime Minister Mostafa Madbouly announced that Egypt is ready to offer a package of incentives to promote the localization of the automotive industry in the country.

Egypt is looking forward to cooperating with Mercedes-Benz Egypt in the localization of the electric vehicles (EVs) industry.

Egypt is considering the localization of the olive oil industry by benefiting from the expertise of Libya Investment Company in this domain.

Prime Minister Mostafa Madbouly announced that around 152 industries were selected to be localized in Egypt, with the aim of boosting the country’s industrial sector.