Industry Dynamics

Minister of Electricity and Renewable Energy, Mahmoud Esmat, convened a meeting with the heads of electricity distribution companies throughout Egypt. The purpose of the meeting was to underscore the significance of enhancing services provided to citizens and ensuring a consisten...

Chinese companies like Gotion High-Tech are working with the North African country to transform it into a major hub for electric car battery production and export, with investments totaling at least 2.45 billion euros.

This momentous occasion, following the unveiling of the "Neo" model to King Mohammed VI in May 2023, was marked by the symbolic handover of keys to ten eager customers, becoming the proud owners of the first Neo Motors vehicles designed and built entirely within Morocco.

The solar plants would power the ports to reduce the carbon footprint, as part of a larger national plan that would increase the share of renewables in the electricity mix to 52% by 2030.

Minister of Agriculture and Land Reclamation Al Sayed Al Qusair stated Tuesday during a cabinet meeting that Egypt exported the largest quantity of agricultural products in its history in 2023 as it amounted to 7.5 million tons, generating revenues worth $8.8 billion.

Chairman of the Food Export Council (FEC) Hany Barzi told press Tuesday that Egypt's exports of food products recorded $1.6 billion in the first quarter of 2024 growing by 31 percent compared to the same period last year.

Egypt's General Authority Suez Canal Economic Zone (SCZONE) has recently announced the signing of a significant usufruct contract with HiTech Apparel, a Thai ready-made garment company. The agreement entails the establishment of factory in the Qantara West industrial zone, with i...

The construction of the refinery, a project spanning nearly a decade, incurred costs of approximately $20 billion, overshooting the initial budget by $6 billion. Despite these challenges, the facility has commenced operations, refining an estimated 8 million barrels of oil betwee...

Egypt experienced a growth in its building materials, refractories, metal industries, and construction sectors from January to December 2023, the total value of these industries reached $8.8 billion, marking a 26 percent increase compared to $6 billion during the same period in 2...