Egypt launches... Chinese Geely car factory in Egypt to produce cars (Emgrand & Coolray) to cover the local market and export 30 thousand cars annually.
The American company ExxonMobil achieved a new gas discovery while drilling the exploratory well (Nefertari-1) in the deep waters north of Marakia in the western Mediterranean. The company did not clarify the volume of gas flow, but it had previously revealed expected reserves that may reach 3.5 trillion cubic feet of natural gas.
The company "Connecta" will establish its first global center for excellence in the field of obstetric artificial intelligence in Egypt, where the company plans to transfer knowledge and expertise to Egyptian cadres in areas that include "Conversational AI", data analysis, and other modern technologies.
Egypt attracts major smartphone manufacturing companies, and the volume of local manufacturing grows to cover the needs of the Egyptian market and export abroad.
Egypt is the first investment destination in Africa. The largest contracting market on the continent has a planned projects worth $ 500 billion.
Egypt attracted 123 billion dollars in foreign investments directly last year, including 73 billion dollars in the fields of energy, transportation and industry
Egypt is presenting the world's strongest model for developing ports at a speed the world has never seen before... Egypt is racing against time to develop seaports, it was necessary to establish dry ports to help unload goods quickly, reduce time and distances, and reach industrial areas. Egypt is currently establishing 14 dry ports.