Egyptian Strategic projects..updates

[The SC]

Development of Upper Egypt
Samalut axis on the Nile in Minya Governorate
It is 24 km long and 21 meters wide, with two traffic lanes in each direction. It connects the eastern desert road to the western agricultural road north of the city of Samalut and the western desert road crossing the Nile River.
It aims to (facilitate movement to agricultural reclamation areas..Promising projects in western Minya - Contributing to industrial development by achieving optimal use of quarry wealth and cement factories east of the Nile - Contributing to tourism development, especially religious tourism, due to its proximity to religious shrines (the Monastery of the Virgin Mary) and the Holy Family Path east of the Nile)

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[The SC]

The Ministry of Agriculture signed a joint cooperation agreement with Sativa Company, the Italian seed and seed production giant, with the aim of cooperating in the production of vegetable hybrids, starting with hybrids of pepper, cucumber, and tomato.

 

[The SC]

The government-run Shalatin Mineral Resources Company plans to increase gold deliveries to the Central Bank of Egypt by 25% over the next year, according to sources told Al-Sharq.

-The company seeks to deliver 1.25 tons of gold to the Central Bank of Egypt with a purity of 99.9% by the end of 2025, compared to a targeted ton by the end of 2024.

The details:

شلاتين تسعى لزيادة تسليمات الذهب للمركزي المصري 25% في 2025

تخطط شركة "شلاتين" الحكومية لزيادة تسليمات الذهب للبنك المركزي المصري بنسبة 25% خلال 2025

asharq.net

 

[The SC]

Abu Dhabi Ports Group assigned the infrastructure implementation work for the first international container terminal in Upper Egypt, at Safaga Port, to the Egyptian “Hassan Allam” Company. The terminal will accommodate 450,000 containers annually, with a handling capacity of 7 million tons.

 

[The SC]

Abu Hashima and Ahmed Al-Suwaidi conclude a contract to establish a giant industrial city in Sadat City. Abu Hashima contributes to injecting investments amounting to $180 million through his company “Mavi” to establish an industrial complex that includes 5 giant food factories. Ahmed Al-Suwaidi is undertaking the construction work of the project through his company, Pioneers of Engineering, within the “Industria Sadat” industrial city, which is owned by his company, “Al-Suwaidi Industrial Development.”

 

[The SC]

President Abdel Fattah El-Sisi announced a short while ago that an agreement had been reached with Indonesia to establish an Indonesian logistics zone in the Suez Canal axis. The president added that Egypt imports palm oil from Indonesia worth approximately one billion dollars annually, while Indonesia imports phosphate fertilizers from Egypt.

 

[The SC]

Egypt officially launched the Egyptian-made extended-release insulin drug “Glargine,” after the opening of the new Eva Pharma factory, which was established in partnership with the American pharmaceutical giant “Eli Lilly.”

The new factory aims to produce 80 million doses annually, while Egypt currently produces 12 million doses and imports 6 million doses annually from abroad. The factory aims to fully meet local needs, in addition to enhancing exports by concluding 56 contracts to export the drug to African countries, which enhances Egypt’s role as a regional center for providing vital medicines.

 

[The SC]

One thousand square meters in 6th of October...the government allocated it to the Al-Mansour Automotive Factory to produce MG models locally.

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[The SC]

To follow up on consultations for the construction of the Forbes Tower in the New Administrative Capital

The Prime Minister meets the Chairman of Forbes Global Holding Company and his accompanying delegation

Dr. Mostafa Madbouly, Prime Minister, met this morning, at the Government Headquarters in the New Administrative Capital, with Mr. Peter Hong, President of Forbes Global Holding, and his accompanying delegation, which included: Mr. Maged Marei, CEO of Forbes. Forbes International Tower, Mr. Gianpiero Coppola, Director of Legal Affairs for Forbes, and Ms. Dounia Zaghloul, General Manager of Forbes. Forbes International Tower, in the presence of Eng. Khaled Abbas, Chairman of the Board of Directors and Managing Director of the Administrative Capital for Urban Development Company.

The Prime Minister began the meeting by welcoming Mr. Peter Hong and his accompanying delegation, noting that this meeting comes to follow up on a number of joint cooperation files with the global “Forbes” company, most notably the consultations regarding the establishment of the “Forbes” Tower in the New Administrative Capital, in continuation of the discussions taking place with The global company in this regard.

Meanwhile, Dr. Mostafa Madbouly welcomed the intention of the Forbes International Foundation to hold its annual conference in the Administrative Capital. Which is scheduled to include a group of the most prominent investors and businessmen in the world; To discuss the most prominent global economic challenges.

Meanwhile, Engineer Khaled Abbas pointed out the cooperation of the New Administrative Capital Company with the Forbes Foundation to hold its annual conference in the New Administrative Capital, explaining that for the first time in Egypt there will be an opportunity to establish the Forbes Tower in the New Administrative Capital.

Abbas indicated that the New Administrative Capital Company will cooperate with various concerned parties. In order to ease the procedures for Forbes Foundation investments in Egypt.

In this regard, Mr. Peter Hong expressed his aspiration that the Financial and Business District Law being discussed will give an impetus to investors to work in the Financial and Business District. He also expressed his aspiration; For continued cooperation and coordination with the Egyptian government in this regard.

#Presidency_of_the_Cabinet
#New_Administrative_Capital

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[The SC]

“Rowad Engineering” Company won the contract to establish “MAFI” Food Industries City in Sadat City, with investments amounting to $180 million. The project aims to transform vegetables and fruits into products and concentrates through 5 specialized factories, including the first factory in the Middle East to produce Cloudy Products, and the largest factory of its kind for freeze-drying fruit.

 

[The SC]

Egypt is considering establishing a grain trading and manufacturing center with Belarus

Lieutenant General Engineer Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, expressed his aspiration that future cooperation between Egypt and Belarus would include studying the possibility of establishing a grain trading and manufacturing center, which is a logistics zone for importing, manufacturing and marketing grain products, with the aim of meeting the needs of the Egyptian market and exporting them to... Arab and African markets across Egypt.

It was also agreed between the two sides on the need to intensify meetings between officials of the two countries in the coming period to develop a road map for launching major industrial cooperation between them.



This came during an expanded meeting with Alexander Agorodnikov, First Deputy Minister of Industry of the Republic of Belarus, and delegations from 5 Belarusian companies specialized in manufacturing trucks, tractors, agricultural equipment and silos, with the aim of discussing ways to enhance joint cooperation in the field of industry and localize a number of important industries in Egypt.

The meeting was attended by Ambassador Ihab Nasr, Advisor to the Minister of Industry for International Cooperation, and a number of leaders from the Ministries of Industry, Transport, Military Production, Trade and Investment.



Great interest from specialized Belarusian companies for cooperation in the field of industry

For his part, the First Deputy Minister of Industry of the Republic of Belarus stressed the great interest in increasing cooperation with Egypt in the field of industry, noting that the delegation accompanying him includes the heads and officials of 5 Belarusian companies specialized in manufacturing trucks, tractors, agricultural equipment and silos, and that these companies pay great attention to cooperation with The Egyptian side in these areas.

The Minister discussed with the delegation of Belarusian companies mechanisms for enhancing existing cooperation between a number of these companies and the Ministry of Military Production in the fields of trucks, agricultural tractors, and earth-moving equipment such as loaders, mashers, and crushers.

 

[The SC]

Diagram Company has begun implementing the first railway station in the history of the city of Toshka, the southernmost part of the country, to serve the national “Toshka Al-Khair” project, which aims to reclaim and cultivate one million acres, facilitate access to it, and connect it to Egyptian cities and ports with high-speed trains reaching speeds of up to 250 km/h. hour.

 

[The SC]

Chinese investors have found in Egypt a safe haven for their investments and a fertile environment to transfer part of their business outside China, especially with the tremendous development that Egyptian infrastructure has witnessed in recent years.

Dozens of Chinese companies have announced the launch of factories in Egypt, with the volume of Chinese investments announced during 2024 alone exceeding seven billion dollars. These investments included companies that obtained the gold license and have already begun production, such as Xiaomi and Haier, and others that have begun the construction phase and are expected to begin production within less than a year.

 

[The SC]

A Chinese international pipe production company will open its factory in the Suez Canal next April



A Chinese international company in the pipe industry is planning to open its factory, which is being built in the Suez Canal Economic Zone, next April. The company has also announced its readiness to participate in utility projects implemented by the state and export the surplus to the Arab world and Africa.

In continuation of previous meetings, Dr. Sayed Ismail, Deputy Minister of Housing, Utilities and Urban Communities, held a second meeting with the Chinese International Company, which specializes in manufacturing pipes used in utility projects, for the purpose of examining opportunities for cooperation and discussing the needs of entities affiliated with the utilities sector in the Ministry of Housing.

The opening of the Chinese International Company's factory in the Suez Canal economy next April

Company officials reviewed the factory’s production volume, the projects in which pipes are used globally, investors’ vision of the Egyptian market through the massive urban revolution taking place in the country, and the company’s plan to open the factory in the Suez Canal Economic Zone in April of next year, and requested support from the Ministry’s agencies to meet Needs in the drinking water and sanitation sector.



Company officials also expressed their full readiness to meet all needs and adapt production lines according to the priorities of needs, as well as training technical crews in drinking water and sanitation companies and city appliances to raise the efficiency of workers and learn about the latest technologies in installation, operation and maintenance of network work. Company officials also explained the company’s vision and plan. The future plan of the company is estimated by estimating the size of the needs of the local market, as well as the amount of production that will be allocated for export to the Arab world and Africa, especially in the presence of the factory in a place of a strategic geographical nature that gives the company an opportunity to expand, whether in the Gulf countries. Arab or North and Central Africa.

 

[The SC]

Including medicines and cars.. Kamel Al-Wazir: Establishing joint factories with Saudi Arabia in strategic areas..



He added that Egypt is open to cooperation with all Arab brothers to cooperate in the field of industry, which is considered the engine of sustainable development, pointing out the importance of establishing joint factories and logistical areas with the Saudi brothers in Egypt and Saudi Arabia, which contributes to achieving industrial integration and increasing the volume of trade exchanges between them, especially with the distinguished geographical location of both countries. And the availability of various means of connection between them, stressing the importance of the role of transportation of all kinds in serving the industrial sector and transporting products from their places of export to seaports, establishing industry with regard to transporting products, whether to the local market or to the regions. Logistics and ports in preparation for export to foreign markets.

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