Egyptian Strategic projects..updates

[The SC]

The famous American economist Robin Brooks, who specializes in monitoring and analyzing emerging market economies, praised the steps taken by the Central Bank of Egypt during the recent global crisis, expressing his great pride in Egypt's success in overcoming the crisis with great professionalism without putting pressure on foreign exchange reserves.

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[The SC]

Egypt paid external debts estimated at $6.4 billion during the first quarter of this year, and it also paid $23.8 billion during the first 9 months of last year.

 

[The SC]

The Suez Canal Economic Zone succeeded in attracting direct foreign investments estimated at $6 billion during the first 9 months of the current fiscal year. These investments were pumped through 80 new industrial projects from 28 countries around the world.

 

[The SC]

 

[The SC]

 

[The SC]

 

[The SC]

The Italian company Eni and the Egyptian Petroleum Company have made a new gas discovery in the Egyptian Western Desert with reserves of 330 billion cubic feet of gas. This new discovery is distinguished by its proximity to production facilities, at a distance of approximately 10 km, which allows for the rapid connection of the new discovery to production.

 

[The SC]

"Xinxing Announces Second Industrial Complex in Egypt with $10 Billion Investments" ..- The Chinese company Xinxing began implementing its massive industrial complex in Ain Sokhna city with investments amounting to $1.6 billion last year.Before the first industrial complex enters the production phase, scheduled for 2027, the company has submitted a request to establish a new integrated industrial complex with $10 billion investments for producing automotive panels and specialized industrial panels, oil and gas pipes, ship and bridge construction panels, alongside the sheet metal used in household appliances and components for energy and infrastructure projects ..

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[冖_冖]

China’s Sany to Invest USD 300M in Egypt’s First Wind Turbine Factory

China's Sany Group intends to invest USD 300 million to establish a factory for wind turbine manufacturing in Egypt

waya.media

China’s Sany to Invest USD 300M in Egypt’s First Wind Turbine Factory​

by WAYA Staff - Jun 1, 2026

The facility will supply a planned 1,000 MW wind project in the Gulf of Suez while supporting Egypt’s push to localize renewable energy manufacturing.

A USD 300 million Chinese investment is set to bring wind turbine manufacturing to Egypt. Sany Group plans to establish a factory for wind turbines and related components in the Suez Canal Economic Zone, marking a new step in Egypt’s efforts to build domestic renewable energy supply chains.

Egypt, China extend currency swap deal for three more years

The renewed agreement has been increased to 30 billion yuan, equivalent to around $4.43 billion or EGP 203 billion, compared to the previous value of 18 billion yuan, or nearly EGP 80.7 billion.

www.egypttoday.com

Egypt, China extend currency swap deal for three more years​

CAIRO - 3 June 2026: Egypt and China have extended their currency swap agreement for another three years, according to Reuters.

The renewed agreement has been increased to 30 billion yuan, equivalent to around $4.43 billion or LE 203 billion, compared to the previous value of 18 billion yuan, or nearly LE 80.7 billion.

In a statement issued on Wednesday, the People’s Bank of China said the agreement will remain valid for three years, with the option of renewal.