Egyptian Strategic projects..updates

[The SC]

Egypt grows fish in the desert and will also export it

 

[The SC]

Egypt paid off debts estimated at $38.7 billion during the year 2024, and also paid $7 billion during the months of November and December alone.
Despite all the global and regional challenges, Egypt has never failed to meet its obligations.

 

[The SC]

To increase transit routes to and from Sinai
The Suez Canal opens two floating bridges in the central sector of the canal

 

[The SC]

The Emirati company Alcazar Energy intends to launch a hybrid station that combines solar and wind energy to produce electricity with a capacity of up to 3.1 megawatts, with expected investments of $2.5 billion, in the Zafarana area in the Gulf of Suez.

 

[The SC]

Egypt is progressing and growing every day, factories are increasing, commodity exports are increasing, and foreign investment flows are continuing.

 

[The SC]

Gold Era Company will open its new gold bullion factory during the first quarter of next year with investments of one billion Egyptian pounds.
The production capacity of the new factory is 4 to 5 tons of bullion per month to cover the local market and export abroad.

 

[The SC]

Construction and reconstruction continue, and the influx of foreign investments continues.

Installation of giant shipping cranes and handling yard cranes at the Tahya Misr 1 container terminal in Damietta Port.

The terminal's berths will be 1,970 meters long, berth depths will be 18 metres, and the back yard will be about one million square metres. Its handling capacity will reach about 3.5 million containers.

 

[The SC]

Egypt's future is being built now
Installation of rails in the Sokhna-El Alamein-Matrouh high-speed electric train project

 

[The SC]

BAIYU Holdings has signed an agreement with Adler International to develop a significant renewable energy project in Egypt. The project includes constructing a renewable energy free-trade zone in Cairo covering approximately 666.67 hectares and a logistics park near the Port of Alexandria spanning about 200 hectares.

The Egyptian government has designated both facilities as bonded free-trade zones with autonomous preferential policies and offers incentives for talent development. BAIYU will provide supply chain procurement services for new energy vehicle manufacturing, targeting markets in Africa, Europe, the Middle East, and the Mediterranean, with an estimated annual demand of 200,000 vehicles. The company also plans to establish charging pile and lithium battery industries in Egypt under its own brand.

https://shorturl.at/Lg854

 

[The SC]

Egypt plans to increase renewable energy capacity to 10,000 megawatts in 2025​

Egypt plans to increase the contribution of renewable energy to the national electricity mix to 10,000 megawatts by the end of next year (2025), in a move that will contribute to developing solutions to increased demand locally.

 

[The SC]

Prime Minister: The textile industry represented 40% of the Egyptian economy and we are working on its return



Prime Minister: What is happening in terms of development in Spinning and textile factories is a “great epic”



Prime Minister: 56 billion pounds, the total cost of the national textile project



Minister of Business Sector: Egypt will become a regional and international center for the textile industry



The largest spinning factories in the world... inside Mahalla El Kubra... the citadel of the textile industry in Egypt

 

[The SC]

Prime Minister: The state intervened to support the farmer in setting a guarantee price for the supply of cotton

 

[The SC]

Head of Spinning Holding: The national project to revive the industry aims to seize a 20% global share

 

[The SC]

Replacing and renewing wagons, tractors and railway lines is a great achievement for the Ministry of Transport and the Egyptian state

 

[The SC]

Fitch: Expectations that Egypt will achieve huge returns in 2025



Fitch Solutions, a subsidiary of Fitch Ratings, raised its forecasts for Egypt's revenues from tourism in 2025.

According to expectations, revenues will witness strong growth to achieve about $17.4 billion, compared to the estimated $16.3 billion in 2024.

Fitch added in its latest report for the first quarter of 2025, which includes its forecasts for the future of Egyptian tourism for the next 5 years until 2028, that revenues are expected to reach $19.8 billion in 2028, which is the end of the forecast period.

The report added that Egyptian tourism revenues will reach $18.4 billion in 2026, reaching $19.2 billion by the end of 2027.