Egyptian Strategic projects..updates

[The SC]

The Western Desert Petroleum Company "WEPCO" succeeded in putting the Badr X10 exploration well on production at a rate of 15 million cubic feet of gas and 550 barrels per day.

 

[The SC]

The Greatest Transfiguration Project
Saint Catherine 2024

 

[The SC]

PetroGulf achieved new success by putting the GNN-14 well north of Gisum on production at a rate of 2,000 barrels of oil per day, bringing the company’s total production to 21,000 barrels per day.

 

[The SC]

 

[The SC]

China Glass Holding Company signed a land usufruct contract between the industrial developer (TEDA - Egypt) to establish a glass production factory with investments amounting to $300 million.
The project aims to establish a glass production factory consisting of two production lines, the first with a daily production of 800 tons of float glass.

The second has a daily production of 800 tons of ultra-white galvanized glass, with an expected annual production exceeding 240,000 tons of high-quality glass, and 230,000 tons of photovoltaic glass.

The project aims to provide 800 job opportunities, and its products target the Egyptian market and the markets of North Africa, the Middle East, and Europe, with an export capacity of up to 240 thousand tons annually, and annual export revenues of up to $120 million.

 

[The SC]

Benkhwa (Beaphar) Chemical Group signed a land usufruct contract with the industrial developer (TEDA - Egypt), with the aim of establishing a project within the Suez Canal Economic Zone, to produce chlor-alkali with a capacity of 100 thousand tons, on an area of 400 thousand square meters, with a total investment cost of 500 million. dollar.

The project will provide 795 job opportunities, and construction work will begin by the end of 2024 and be completed within 3 years.
The project aims to establish the first green chemical facility in Egypt and the world. In its first phase, the project relies on wind energy, solar energy, electricity and natural gas to produce steam as energy.

 

[The SC]

Growth of the private sector in Egypt
Egypt's PMI rose for the first time since November 2020 above the neutral level of 50 points, to 50.4 in August from 49.7 points in July.
At the same time, European countries and Japan are suffering from thousands of company bankruptcies due to lack of financing and inflation.

 

[The SC]

The Turkish "Polaris Parks" to develop industrial lands signed an agreement with the New Urban Communities Authority on the sidelines of the presidential visit to Ankara. To establish two new industrial development projects in the New 6th of October City and the Administrative Capital, with investments amounting to $210 million.

 

[The SC]

New Alamein...from a land of mines to a land of dreams.
More than 100 nationalities visited the North Coast during 2024

 

[The SC]

BP begins increasing gas production from the Raven field in the Mediterranean through a plan to drill two new wells with investments of $400 million, with the first well entering production, “West Raven-4,” next October with a production volume estimated at about 200 million cubic feet per day and 8,000 One barrel of condensate per day.

 

[The SC]

Egypt will remain strong and healthy
A golden year for Egypt...more than $123 billion flowed into the Egyptian economy during the first 7 months of 2024

 

[The SC]

Marie-Louis Bishara, President of the Readymade Garments Export Council, revealed that exports of the clothing sector amounted to $1.55 billion during the period from January to July 2024, compared to $1.3 billion in the same period in 2023, an increase of 20%.

Ready-made garment exports have achieved a growth of 208% for African countries and by 31% for Arab countries. The growth rate of exports to Saudi Arabia was 77% in the first 7 months and by 61% for Libya. Ready-made clothing exports to Spain also achieved an increase of 34%.

 

[The SC]

Egypt has achieved a new gas discovery in the Mediterranean Sea, which is the new “Neptune 1X” well. The well is in the final stages of drilling and evaluation work. Cheiron Energy and the Natural Gas Holding Company (EGAS) are cooperating in this project with the Egyptian Amal Petroleum Company.

The latter is undertaking the drilling work, and it is expected that additional wells will be drilled in the same area in the near future to enhance discoveries.

 

[The SC]

Quesna Bridge in Menoufia Governorate
It is part of the state's plan to build 32 bridges on top of the most dangerous slides to achieve the highest levels of safety and traffic flow.

 

[The SC]

The Ministry of Social Solidarity will add 50,000 new families to the “Solidarity and Dignity” cash support program, and thus 170 new families will have been added within 3 months. Work is also underway to finalize the waiting lists as part of the work to expand the provision of social protection for families in need of care.

The Ministry is keen to support the families most in need of care and the groups most in need, in implementation of the directives of the political leadership, by providing cash support to the beneficiary families within the Solidarity and Dignity program for 5.2 million families of the most vulnerable, including approximately 22 million citizens, where there are 4.7 million families.