Egyptian Strategic projects..updates
- Thread starter The SC
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The SC
INT'L MOD
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Joint Statement EU–Egypt Summit
We, the leaders of the European Union and the Arab Republic of Egypt (hereinafter Egypt), held our first EU-Egypt Summit in Brussels, Belgium on 22 October 2025 and concluded the following:\n\nToday\'s S
The SC
INT'L MOD
- Thread starter
- #845
With investments of $6.5 billion, the Suez Canal signs a contract with Anchorage to build a petrochemical complex in Sokhna.
The first phase, with investments exceeding $2 billion, will provide 2,500 job opportunities
Lieutenant General Osama Rabie, Chairman of the Suez Canal Authority, witnessed the signing ceremony of a strategic partnership contract between the Suez Canal Authority and Anchorage Investments Company to establish a giant petrochemical industrial complex project on a plot of land owned by the Authority in Ain Sokhna, northwest of the Gulf of Suez, in the Suez Canal Economic Zone.
This giant industrial project comes in implementation of the directives of the political leadership to consolidate the partnership with the private sector to build an advanced national industrial base equipped with the latest global technology, which contributes to achieving the comprehensive economic development of the Egyptian state, and maximizing the use of local resources and services to produce industrial products with high added value.
In the first phase, the petrochemical complex targets the production of polypropylene (PP) as a main product from propane feedstock, in addition to the production of hydrogen as a by-product, with investments exceeding $2 billion. The complex will expand in the second phase by producing other petrochemical products, in addition to establishing additional complementary industrial units focused on export and sustainability at an estimated cost of $4.5 billion.
This industrial project achieves a package of economic gains, as it will provide more than 2,500 direct and indirect job opportunities following the completion of construction and the start of operation, in parallel with the design of technical and administrative programs specialized in occupational health and safety with the aim of improving the tasks and efficiency of the workforce in the local market.
Anchorage Investments has made significant progress in the development stages of the project, as the project includes international companies in the fields of technology, engineering and construction and various strategic partners. The project structure has also been developed in accordance with international best practices to ensure long-term governance, transparency and flexibility.
The first phase, with investments exceeding $2 billion, will provide 2,500 job opportunities
Lieutenant General Osama Rabie, Chairman of the Suez Canal Authority, witnessed the signing ceremony of a strategic partnership contract between the Suez Canal Authority and Anchorage Investments Company to establish a giant petrochemical industrial complex project on a plot of land owned by the Authority in Ain Sokhna, northwest of the Gulf of Suez, in the Suez Canal Economic Zone.
This giant industrial project comes in implementation of the directives of the political leadership to consolidate the partnership with the private sector to build an advanced national industrial base equipped with the latest global technology, which contributes to achieving the comprehensive economic development of the Egyptian state, and maximizing the use of local resources and services to produce industrial products with high added value.
In the first phase, the petrochemical complex targets the production of polypropylene (PP) as a main product from propane feedstock, in addition to the production of hydrogen as a by-product, with investments exceeding $2 billion. The complex will expand in the second phase by producing other petrochemical products, in addition to establishing additional complementary industrial units focused on export and sustainability at an estimated cost of $4.5 billion.
This industrial project achieves a package of economic gains, as it will provide more than 2,500 direct and indirect job opportunities following the completion of construction and the start of operation, in parallel with the design of technical and administrative programs specialized in occupational health and safety with the aim of improving the tasks and efficiency of the workforce in the local market.
Anchorage Investments has made significant progress in the development stages of the project, as the project includes international companies in the fields of technology, engineering and construction and various strategic partners. The project structure has also been developed in accordance with international best practices to ensure long-term governance, transparency and flexibility.
Mohamed Al-Atribi: The Egyptian economy is recovering and the next stage carries more positive indicators
The SC
INT'L MOD
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- #847
What happened at the Egyptian-European summit is two or three steps above greatness..
The agreements that were expected and the amount of cooperation that was agreed upon in almost all fields, and the appreciation and respect that was shown to President Sisi from the leaders of the European Union, make you know the size, weight and influence of Egypt
The agreements that were expected and the amount of cooperation that was agreed upon in almost all fields, and the appreciation and respect that was shown to President Sisi from the leaders of the European Union, make you know the size, weight and influence of Egypt
The SC
INT'L MOD
- Thread starter
- #849
The Chief of Staff of the Pakistani Army visits Egypt to enhance military and defense cooperation
26 October 2025:
The Pakistani Army Chief of Staff makes an official visit to Egypt, where he held a series of meetings with senior military and defense officials with the aim of strengthening bilateral cooperation between the two countries in the military and defense fields, according to what the Pakistan Army Public Relations Department (ISPR) announced on Thursday, October 23, 2025.
The administration stated that the consultations between the two sides focused on regional security issues and matters of common interest.
During the visit, Field Marshal Sayed Assem Mounir met with the Egyptian Minister of Defense, Lieutenant General Abdel Majeed Saqr, and the Chief of Staff of the Egyptian Armed Forces, Lieutenant General Ahmed Khalifa Fathi, where ways to consolidate cooperation in various defense fields were discussed.
Mounir stressed that Egypt is a sister country to his country, noting that strengthening cooperation between the two countries not only serves the interests of their peoples, but also contributes to achieving peace and stability in the region.
The Pakistani Army Public Relations Department said in a statement, "The visit aims to enhance military cooperation and defense coordination between the two brotherly countries".
Upon his arrival at the headquarters of the Egyptian Ministry of Defense, Mounir received an official reception that included a display of honor guard, and he also laid a wreath at the Unknown Soldier Monument and the tomb of the late Egyptian President Mohamed Anwar Sadat.
The Pakistani Chief of Staff also met with Sheikh of Al-Azhar, Grand Imam Ahmed Al-Tayeb, where the two sides exchanged views on the challenges facing the Islamic world.
The statement indicated that Mounir stressed during the meeting the need to combat extremist thought and distorted interpretations of Islam.
Pakistan and Egypt maintain strong friendly relations, and in recent years the two countries have agreed to facilitate business access to visas, exchange business information, and enhance cooperation between private sector institutions.
The military and defense leaderships of the two countries hold regular meetings to review developments in the regional security situation. The Chairman of the Pakistani Joint Chiefs of Staff, Lieutenant General Suhair Shamshad Mirza, visited Egypt last July to participate in the third round of defense and security talks between the two sides.
In the same month, high-ranking officials from both countries discussed ways to enhance cooperation in the fields of agriculture and food security, with Islamabad expressing interest in benefiting from Cairo's successful experiences in these areas.
dani191
Registered Member
Israel halts its largest gas deal with Egypt, refusing to bow to U.S. pressure
Chinedu Okafor
04 November 2025 10:55 AM
Israel has asserted that it would not go further with Egypt on its gas export agreement until certain conditions are met.
Israel halts its largest gas deal with Egypt, refusing to bow to U.S. pressure
- Israel is hesitating to finalize its $35 billion natural gas export agreement with Egypt due to unmet conditions focusing on security and pricing.
- The Israeli Energy Minister emphasized that national interests and security considerations must be prioritized in the deal.
- The agreement is significant for both countries, aiming to reshape the Eastern Mediterranean's energy and economic dynamics.
- The United States has pushed for the deal's completion, but Israeli officials remain steadfast in their criteria, resulting in a postponed visit from the US Energy Secretary.
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Israel's Energy and Infrastructure Minister Eli Cohen made this known, stating that until Israel’s interests are adequately protected and equitable prices secured, the deal will not be signed.
SEE ALSO: Egypt moves to end industrial gas subsidies as fiscal pressures mount
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“As a member of the cabinet, I will not approve the deal before ensuring that Israel’s security interests are protected and that a fair and competitive price is guaranteed for Israeli citizens,” the minister said in an interview with a local TV station, as seen on Egypt Independent.
Refusing to elaborate, the minister noted that the deal is much more than just a fiscal play; it also has political and security connotations.
Speaking further on what the deal would entail for the country, he explained that the agreement protects the shekel, boosts the economy, and promotes stability, but must be used carefully in the political and security domains.
While Israel maintains a hesitant stance, the United States appears to be pressing for the deal's swift conclusion, according to the minister.
Considering that the deal is the largest of its kind, with a worth of US$35 billion, the US had pushed for it to be completed before US Energy Secretary Chris Wright made his visit to Israel.
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However, the Israeli minister noted that his stance would not be altered by any external influence, despite the U.S and Israel having a very beneficial and cordial relationship.
In response, the US Energy Secretary canceled his intended six-day trip to Israel.
Gas deal between Israel and Egypt
Israel and Egypt signed a historic $35 billion natural gas agreement back in August.The agreement was signed between Israel’s Leviathan partners, led by NewMed Energy, and the U.S. company Chevron.
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According to the agreement, Leviathan, which is located off the Mediterranean coast of Israel and has reserves of around 600 billion cubic meters, would sell Egypt roughly 130 billion cubic meters of gas until 2040, or until all of the agreed-upon quantities are met.
This agreement not only solidifies Israel's position as a major energy exporter but also supports Egypt's ambitions to become a key regional energy hub.
DON'T MISS THIS: Egypt turns to Russian defense systems ahead of Israel–Hamas talks on Trump’s Gaza peace plan
The agreement will allow Egypt to grow its LNG exports while also meeting rising local demand in the face of chronic electrical shortages.
To make this possible, both countries intend to enhance infrastructure, including a new cross-border pipeline through Nitzana and capacity upgrades to Leviathan.
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For security considerations, Leviathan's exports were suspended during the 12-day war between Iran and Israel in June, but they have since resumed, as seen on Reuters.
Phase one will produce approximately 20 billion cubic meters by 2026, with continuous additions untilIsrael halts its largest gas deal with Egypt, refusing to bow to U.S. pressure
04 November 2025 10:55 AM
Israel has asserted that it would not go further with Egypt on its gas export agreement until certain conditions are met.
Israel halts its largest gas deal with Egypt, refusing to bow to U.S. pressure
- Israel is hesitating to finalize its $35 billion natural gas export agreement with Egypt due to unmet conditions focusing on security and pricing.
- The Israeli Energy Minister emphasized that national interests and security considerations must be prioritized in the deal.
- The agreement is significant for both countries, aiming to reshape the Eastern Mediterranean's energy and economic dynamics.
- The United States has pushed for the deal's completion, but Israeli officials remain steadfast in their criteria, resulting in a postponed visit from the US Energy Secretary.
ADVERTISEMENT
Recommended articles
- markets Inside South Africa’s most expensive land — a playground haven for billionaires
- markets Egypt lands major Gulf investment as Qatari Diar unveils $29.7 billion luxury project
- markets Kenya turns to AI to capture $8.6 billion lost to informal sector taxes
Israel's Energy and Infrastructure Minister Eli Cohen made this known, stating that until Israel’s interests are adequately protected and equitable prices secured, the deal will not be signed.
SEE ALSO: Egypt moves to end industrial gas subsidies as fiscal pressures mount
ADVERTISEMENT
“As a member of the cabinet, I will not approve the deal before ensuring that Israel’s security interests are protected and that a fair and competitive price is guaranteed for Israeli citizens,” the minister said in an interview with a local TV station, as seen on Egypt Independent.Refusing to elaborate, the minister noted that the deal is much more than just a fiscal play; it also has political and security connotations.
Speaking further on what the deal would entail for the country, he explained that the agreement protects the shekel, boosts the economy, and promotes stability, but must be used carefully in the political and security domains.
While Israel maintains a hesitant stance, the United States appears to be pressing for the deal's swift conclusion, according to the minister.
Considering that the deal is the largest of its kind, with a worth of US$35 billion, the US had pushed for it to be completed before US Energy Secretary Chris Wright made his visit to Israel.
ADVERTISEMENT
However, the Israeli minister noted that his stance would not be altered by any external influence, despite the U.S and Israel having a very beneficial and cordial relationship.In response, the US Energy Secretary canceled his intended six-day trip to Israel.
Gas deal between Israel and Egypt
Israel and Egypt signed a historic $35 billion natural gas agreement back in August.The agreement was signed between Israel’s Leviathan partners, led by NewMed Energy, and the U.S. company Chevron.
ADVERTISEMENT
According to the agreement, Leviathan, which is located off the Mediterranean coast of Israel and has reserves of around 600 billion cubic meters, would sell Egypt roughly 130 billion cubic meters of gas until 2040, or until all of the agreed-upon quantities are met.This agreement not only solidifies Israel's position as a major energy exporter but also supports Egypt's ambitions to become a key regional energy hub.
DON'T MISS THIS: Egypt turns to Russian defense systems ahead of Israel–Hamas talks on Trump’s Gaza peace plan
The agreement will allow Egypt to grow its LNG exports while also meeting rising local demand in the face of chronic electrical shortages.
To make this possible, both countries intend to enhance infrastructure, including a new cross-border pipeline through Nitzana and capacity upgrades to Leviathan.
ADVERTISEMENT
For security considerations, Leviathan's exports were suspended during the 12-day war between Iran and Israel in June, but they have since resumed, as seen on Reuters.Phase one will produce approximately 20 billion cubic meters by 2026, with continuous additions until
Khorasan Black Flags
Trusted Member
Egypt must be much careful
Yankees and jews have decided to destroy all MENA countries one by one, because of security of i$rael and MENA energy resources
Americans and NATO have attacked several Islamic countries
Yankees and jews have decided to destroy all MENA countries one by one, because of security of i$rael and MENA energy resources
Americans and NATO have attacked several Islamic countries
冖_冖
Registered Member
Egyptian goods exempt from China's customs duties: Chinese ambassador to Cairo - Egypt Independent
The Chinese Ambassador to Cairo Liao Liqiang said on Sunday that the Chinese government issued a decree exempting Egyptian goods from customs duties upon entry into the Chinese market. The move seeks to promote further high-quality Egyptian products and the volume of trade between the two sides...
www.egyptindependent.com
Egyptian goods exempt from China's customs duties: Chinese ambassador to Cairo - Egypt Independent
The Chinese Ambassador to Cairo Liao Liqiang said on Sunday that the Chinese government issued a decree exempting Egyptian goods from customs duties upon entry into the Chinese market. The move seeks to promote further high-quality Egyptian products and the volume of trade between the two sides...
www.egyptindependent.com
Egyptian goods exempt from China’s customs duties: Chinese ambassador to Cairo
November 10, 2025The Chinese Ambassador to Cairo Liao Liqiang said on Sunday that the Chinese government issued a decree exempting Egyptian goods from customs duties upon entry into the Chinese market.
The move seeks to promote further high-quality Egyptian products and the volume of trade between the two sides, with Liqiang stating that China has been Egypt’s largest trading partner for 13 consecutive years.
During the Egyptian-Chinese Investment Forum, Liao emphasized the depth of economic relations between the two countries and the agreement to enhance cooperation across various investment and industrial sectors.
Chinese companies’ investments in Egypt surpass $8 sbillion: El-Khatib
During the Egypt-China Investment Forum in Cairo, El-Khatib highlighted that the trade volume between the two countries hit $16 billion in 2024
www.zawya.com
Chinese companies’ investments in Egypt surpass $8 sbillion: El-Khatib
During the Egypt-China Investment Forum in Cairo, El-Khatib highlighted that the trade volume between the two countries hit $16 billion in 2024
Chinese companies’ investments in Egypt surpass $8 sbillion: El-Khatib
During the Egypt-China Investment Forum in Cairo, El-Khatib highlighted that the trade volume between the two countries hit $16 billion in 2024November 10, 2025
More than 2,800 Chinese companies are operating in Egypt, with investments exceeding $8 billion across various sectors, Minister of Investment and Foreign Trade Hassan El-Khatib announced.
During the Egypt-China Investment Forum in Cairo, El-Khatib highlighted that the trade volume between the two countries hit $16 billion in 2024.
The ministry allocated a specialized unit for China within the General Authority for Investment and Free Zones (GAFI) to provide comprehensive support to Chinese investors, El-Khatib added.
This unit will provide data on regulations and investment opportunities to solve any challenges that companies might face during the establishment and operation phases.
He also highlighted the possibility of developing companies in the Chinese currency (yuan).
Additionally, the minister affirmed the state’s keenness to expand the presence of Chinese companies in the Egyptian market by injecting new investments into priority sectors.
Such major industries include the automotive sector and its components, engineering, new and renewable energy, and solar panels.
The two sides witnessed the implementation of several major projects, most notably the TEDA company in the Suez Canal Economic Zone (SCZONE), which has become a successful model of Egyptian-Chinese economic partnership.
El-Khatib also outlined the success of other Chinese companies, such as Haier and Midea, in boosting local manufacturing and exports to regional markets.
Reflecting China's role as a strategic partner in Egypt's development journey, the minister revealed that the Chinese companies contributed to implementing the development programs in the New Administrative Capital, New Alamein City, and the high-speed electric train project.
Egypt's Vision 2030 aligns with the Belt and Road Initiative (BRI) in its objectives of reinforcing regional integration and expanding industrial and commercial ties among partner countries, the minister noted.
Finally, the minister pointed out that the Egyptian government plans to empower the private sector to be the main driver of economic growth, intending to be among the top fifty countries globally in trade and investment indicators within the next two years.
The SC
INT'L MOD
- Thread starter
- #855
A report by the Chinese news network CGTN from inside the Mas Misr mobile phone manufacturing factory.
The factory produces 4,000 phones per day.
The report also indicated that by the end of this year, Egypt will have manufactured 10 million phones from several factories, which has caused phone imports to decrease by 90% due to local production.
The factory produces 4,000 phones per day.
The report also indicated that by the end of this year, Egypt will have manufactured 10 million phones from several factories, which has caused phone imports to decrease by 90% due to local production.
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