PM: SE Wiring Systems Egypt giant edifice
Spanning an area of 150,000 square meters, the facility is one of the largest automotive electrical wiring harness production plants in the world, Madbouly said in a press conference following the opening of the factory.
The wire harness factory is the fourth Sumitomo factory in Egypt, Madbouly said, adding that it provides job opportunities for 12,000 Egyptian workers and increases annual exports to more €300 million.
He highlighted that the electrical wiring harness industry is a highly specialized field, and Egypt has become a key hub for manufacturing these components, supplying automotive factories around the globe.
Toyota now relies on this plant to provide wiring harnesses for its vehicles worldwide, Madbouly said.
Madbouly pointed to the rapid implementation of the project, stating that it was granted the golden license in September 2023, while its construction began in December of the same year, and production started by the end of 2024.
The factory employs around 2,000 workers, with the number expected to reach 3,000 by the end of the year, Madbouly said, adding that the training center of the factory is helping equip young Egyptians with the skills needed for employment.
The premier added that women now make up 40 percent of the factory's workforce.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al-Ahram Weekly
an hour ago
- Al-Ahram Weekly
El-Sisi stresses Arab unity, warns against external interference - Foreign Affairs
President Abdel-Fattah El-Sisi underscored on Wednesday the strength of Egypt's relations with Arab states and the necessity of overcoming disagreements to preserve Arab unity, affirming that any external interference aims to destabilise Arab states. El-Sisi's remarks came during an inspection visit to the Egyptian Military Academy at the State's Strategic Command Headquarters in the New Administrative Capital. According to the Egyptian presidency, El-Sisi emphasised that Arab security is an integrated whole to which Egypt is closely linked, noting that the Arab region has been experiencing exceptional circumstances since 2011, not just since October 2023. He added that ensuing events have proven the soundness of Egyptian policies based on balance, non-interference, respect for state sovereignty, and developmental efforts, El-Sisi said, warning against attempts by media outlets to sow discord among Arab peoples amid regional threats. Regarding the situation in Gaza, the president noted that Egypt has made immense efforts since 2007 to avoid escalation and stressed that the Palestinian people in the Strip would pay the price in any confrontation. El-Sisi affirmed that the current destruction in Gaza is unprecedented and that the Egyptian state continues efforts to stop the war and deliver humanitarian aid. He also highlighted Egypt's efforts to secure the release of captives and detainees, despite the distortion and misinformation campaigns that target the state's pivotal role. Furthermore, the president pointed out that the geopolitical circumstances, including the war in Gaza, have negatively impacted Suez Canal revenues, which declined by $7 billion. However, he added, the path of economic reform is ongoing and witnessing significant progress, as affirmed by international organisations. El-Sisi emphasised that when state institutions operate efficiently, with knowledge and expertise, economic achievements will be realised and development goals will be met. He also highlighted the importance of scientific progress and technological advances, including social media platforms, which he described as not inherently bad but whose impact depends on how these advances are employed. In contrast, El-Sisi indicated that if used correctly, social media platforms can be a helpful tool. Still, he maintained that as things stand, social media has been used to sow discord, spread rumours, and undermine morale among Egyptians, who he described as facing challenges with increasing awareness. Domestically, Egypt, the president continued, is stable thanks to the state's policy of transparency and credibility, which has proven effective over the past decade. Moreover, El-Sisi noted that though Egypt has faced significant security challenges for over a decade, the state has successfully overcome them and continues to make tangible progress despite the difficult regional situation. During the visit, he expressed his profound appreciation for the Academy's leadership, faculty, and students. The president also noted that the Academy is not merely an institution for building character, but also prepares men and women for facing the challenges that beset various state institutions in the modern world. In addition, El-Sisi commended the courses the Academy offers to civilian cadres, stressing the importance of its training and educational programmes in multiple disciplines. Follow us on: Facebook Instagram Whatsapp Short link:
Al-Ahram Weekly
an hour ago
- Al-Ahram Weekly
Egypt reiterates readiness to fund Ugandan water projects in Nile Basin - Foreign Affairs
Egypt reiterated on Wednesday its readiness to "finance and mobilize the necessary financing" for Uganda's water-related infrastructure projects in the Nile Basin during bilateral talks in Entebbe. Egypt also has pledged to support development projects in the upstream nations, Uganda, as per a joint statement released by both nations following the conclusion of the second round of (2+2) ministerial consultations between Egyptian and Ugandan officials. The consultation round was held in Entebbe on Monday and Tuesday. Both nations also underscored their commitment to "win-win cooperation" and the importance of avoiding significant harm to the Nile River. They also agreed to hold regular consultations on Nile water management, to reach a cooperative agreement that adheres to international law, according to the statement. The commitment aligns with a new financing mechanism approved by the Egyptian cabinet last year. The mechanism aims to strengthen Egypt's African ties, particularly the Nile Basin countries, as being a strategic depth for Egypt. Egypt's commitment to support Uganda's projects is based on successful collaborations in the Owen Dam and the Water Weed Control Project in Uganda, the statement noted. Meanwhile, Egypt, the statement noted, welcomed the "constructive engagement" in the Nile Basin Initiative's (NBI) Ad Hoc Committee, which is currently presided over by Uganda. The committee engages with NBI countries that have not yet ratified the Cooperative Framework Agreement (CFA), also known as the "Entebbe Agreement." Egypt froze its full participation in the NBI in 2010 due to disagreements over the CFA, which contains three controversial items that Egypt rejects, including a provision on water security. "The two parties look forward to the continuation of the Nile Basin Initiative's consultative process to restore comprehensive participation and achieve win-win cooperation among the Nile Basin countries," the Egyptian-Ugandan statement said. An Egyptian delegation, led by Minister of Water Resources and Irrigation Hani Sewilam and Foreign Minister Badr Abdelatty, participated in the (2+2) consultations. In a side meeting with Ugandan President Yoweri Museveni on Monday, Minister Abdelatty underscored that Cairo will take all necessary measures guaranteed under international law to protect its water security. 'The Nile River is an existential issue for Egypt,' Abdelatty stated. Abdelatty's comments come as Ethiopia plans to inaugurate its disputed dam – built on the Nile River and known as GERD – in September despite a lack of agreement with downstream countries, Egypt and Sudan. Cairo and Khartoum, while not opposed to Ethiopia's development aims, have repeatedly criticized Addis Ababa's unilateral actions after it filled the dam in five stages between 2020 and 2024 Elevated Bilateral Cooperation According to the joint statement, Egypt and Uganda have agreed to intensify high-level exchanges, including ministerial and summit visits, as well as enhance bilateral cooperation in defence, security, law enforcement, peacebuilding, and counter-terrorism. This includes exchanging expertise and providing technical cooperation on water resources management and capacity building, the statement clarified. Such commitment will be coordinated via bodies from both nations, such as the Egyptian Agency for Partnership for Development and the Cairo International Centre for Conflict Resolution, Peacekeeping, and Peacebuilding, as well as the Egyptian Diplomatic Institute and Uganda's National Defence and Diplomatic Colleges. Furthermore, both nations will encourage their private sectors to boost bilateral trade and investment by organising trade visits, promoting investment, and holding forums to explore new opportunities. Follow us on: Facebook Instagram Whatsapp Short link:
Daily News Egypt
2 hours ago
- Daily News Egypt
Egypt to inaugurate Grand Egyptian Museum on 1 November
Prime Minister Mostafa Madbouly announced on Wednesday that President Abdel Fattah Al-Sisi has approved 1 November as the official date for the complete opening of the Grand Egyptian Museum (GEM). Speaking at the start of the weekly Cabinet meeting, held at its headquarters in the New Administrative Capital, Madbouly instructed all relevant ministries and authorities to finalise preparations to ensure the museum and its surrounding area are fully ready. He stressed that the opening must be presented in a manner befitting its cultural and historical significance. The premier said preparations are underway to make the event exceptional, adding another milestone to Egypt's record of landmark national occasions. The inauguration is expected to draw distinguished international guests and feature a series of accompanying cultural events. Located near the Giza Pyramids, the GEM will be the largest archaeological museum in the world, spanning 490,000 square metres with panoramic pyramid views. Designed by Irish firm Heneghan Peng Architects, it will display over 100,000 artefacts from Egypt's ancient history—including the complete Tutankhamun collection, exhibited together for the first time since its discovery in 1922—alongside monumental treasures such as the 3,200-year-old statue of Ramses II. The museum also features advanced conservation laboratories, expansive exhibition halls, educational facilities, and visitor amenities. It is envisioned as a global cultural landmark that will boost Egypt's tourism industry, complement the Giza Plateau, and position the country as a premier hub for archaeology and heritage preservation. During the meeting, Madbouly also reviewed recent presidential activities, including President Al-Sisi's reception of Vietnamese President Luong Cuong on Tuesday. The two leaders agreed to elevate bilateral relations to a comprehensive partnership, with enhanced cooperation in agriculture, manufacturing, trade, and investment, supported by both governments and the private sector. In a separate matter, following the ratification of amendments to the Old Rent Law, Madbouly instructed the concerned ministers to begin immediate implementation of the law's provisions. He affirmed the state's commitment to supporting tenants, providing alternative housing, and personally monitoring the matter on a regular basis.
