logo
China's Xinxing invests $150m in ductile iron pipe plant in Egypt

China's Xinxing invests $150m in ductile iron pipe plant in Egypt

Deputy Minister of Housing, Utilities, and Urban Communities, Sayed Ismail, toured the Suez Canal Economic Zone (SCZONE) this week, visiting the newly established Chinese Xinxing factory for ductile iron pipe production.
During his visit, Ismail inspected all stages of the manufacturing process—from the assembly of local components and smelting, to centrifugal casting, protective coating application, and final product testing. He was briefed by Xinxing officials on the company's global experience in large-scale infrastructure projects and its interest in partnering with Egyptian firms and entities affiliated with the Ministry of Housing.
The Deputy Minister emphasized the strategic significance of the Xinxing plant, which aims to localize the production of ductile iron pipes—critical components in major national infrastructure and utility projects. By producing locally, the plant will help reduce reliance on imports, lower procurement costs, and support exports to African and Gulf markets.
Xinxing representatives noted that the facility, located within the 'TEDA–Egypt' industrial zone in the Suez Canal Economic Zone, spans an area of 270,500 square meters. The total investment in the project stands at approximately $150m.
The plant is expected to create 700 direct jobs and an additional 220 indirect employment opportunities. It boasts an annual production capacity of 250,000 tonnes of ductile iron pipes, with diameters of up to 2,600 mm, tailored to the specifications of various national projects.
Ismail reaffirmed the Ministry's full support for the initiative, in line with Egypt's broader national strategy to expand domestic manufacturing capabilities and open new export markets across Africa and the Arabian Gulf. He also underscored the importance of competitive pricing and the prioritization of local content in procurement by government-affiliated bodies.
'These serious investments reflect the confidence of international companies in Egypt's industrial potential,' he said, expressing optimism about further opportunities for industrial cooperation across Egypt's 27 governorates and 44 new cities.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

CAF deepens reforms with Governance and Finance workshop in Benin
CAF deepens reforms with Governance and Finance workshop in Benin

CAF

time3 hours ago

  • CAF

CAF deepens reforms with Governance and Finance workshop in Benin

The Confédération Africaine de Football (CAF) has taken another significant step in its mission to strengthen the governance and financial frameworks of African football with a three-day workshop held in Cotonou, Benin, from 2–4 June 2025. The initiative brought together General Secretaries and Finance Directors from 17 Member Associations of the continental football governing body. This marks the fourth edition of the Governance and Finance workshop, and with it, CAF has successfully ensured the participation of all 54 Member Associations in this new initiative. This milestone underscores CAF's commitment to inclusive development and strengthening capacity across the entire African football landscape. The workshop is part of CAF's ongoing governance drive towards a continent-wide effort, inspired by the vision of CAF President Dr Patrice Motsepe, to make African football globally respected and sustainably run. The workshop in Cotonou, Benin was led by CAF's Member Associations Division in collaboration with the Legal Affairs Division. The intensive programme covered governance, financial processes, model statutes, conflict of interest policies, and audit mechanisms. Day one focused on legal governance, while day two explored core financial governance principles, including budgeting, procurement, and financial compliance. The final day included a review session and the creation of action plans. CAF Director of Member Associations, Sarah Mukuna, described the event as 'another milestone in CAF's commitment to empowering our Member Associations with the tools to be globally competitive and self-sustaining.' 'There is no growth in football without solid structures,' Mukuna said. 'Workshops like this equip administrators with clear understanding of governance roles, responsibilities, and ethical frameworks. Our goal is to build strong institutions at every level of African football.' Participants echoed the sentiment. Claude Paqui, General Secretary of Benin's Football Association, said: 'This is an excellent initiative. The workshop has equipped many with essential tools to govern and manage their federations effectively. For those who had prior exposure, this was a valuable refresher.' For Fernanda de Jesus Jama António, General Secretary of Angola's FA, the experience was both technical and transformative. 'We tackled fundamental topics: governance structures, corruption risks, stakeholder management, and financial control. The practical case studies made the sessions relevant and applicable to our national contexts,' she said. Pascal Deto, Finance Director of Côte d'Ivoire's FA, praised the clarity with which the workshop outlined the responsibilities of senior federation leaders. 'It helped define the roles of the President, General Secretary, and Finance Director—especially regarding delegation of authority and collaborative governance,' he said. The Cotonou gathering concluded with Member Associations developing customised action plans to implement reforms upon return to their countries. The next step in CAF's governance programme is to deliver dedicated governance workshops directly within Member Associations. This localized approach will allow for deeper engagement with individual federation structures and the specific challenges they face, further reinforcing CAF's commitment to building sustainable and accountable football institutions across Africa. Previous editions of the workshop have been held in Johannesburg, Addis Ababa and Alger. As CAF continues to roll out these initiatives across the continent, African football's future will depend not only on talent and performance but also on the strength of its institutions.

Abou El Enein: Two-State Solution Is Foundation for Sustainable Development
Abou El Enein: Two-State Solution Is Foundation for Sustainable Development

See - Sada Elbalad

time4 hours ago

  • See - Sada Elbalad

Abou El Enein: Two-State Solution Is Foundation for Sustainable Development

H-Tayea Deputy Speaker of the Egyptian House of Representatives and President Emeritus of the Parliamentary Assembly of the Mediterranean (PAM), Mohamed Abou El Enein, delivered a powerful message at the South Partner Consultation Forum hosted by the American University in Cairo, emphasizing that the two-state solution is essential for peace, stability, and sustainable development across the Mediterranean region. Two-State Solution: The Cornerstone of Peace In his remarks, Abou El Enein stated unequivocally that the unresolved Palestinian issue is the main obstacle to progress in the southern Mediterranean. He emphasized that any serious effort to achieve regional development must begin with a political solution founded on justice and international legitimacy. 'The two-state solution is not a slogan—it is the only viable path to ensure peace and unlock prosperity,' he said. 'Without resolving the Palestinian cause, cycles of war will continue to hinder cooperation, scare away investment, and destabilize the region.' Egypt's Leadership and a Call for EU Action Highlighting Egypt's historic role in peacemaking and mediation, Abou El Enein praised Cairo's continuous efforts to restore calm in Gaza and support a long-term solution. He urged the European Union to translate its supportive statements into real, strategic action on the ground, starting with a clearer commitment to the two-state solution and the economic future of the South. 'While China arrives in Cairo with investment proposals and a clear plan, we need the same level of practical engagement from the EU,' he said, calling on Brussels to develop a roadmap that matches ambition with implementation. Economic Stability Requires Political Resolution Abou El Enein noted that political peace and economic prosperity go hand in hand. 'You cannot talk about energy projects, agriculture, or industry while bombs are falling in Gaza,' he said. 'Let us be honest—development is not possible in an environment dominated by conflict.' He emphasized that Egypt and its southern partners are ready for joint development, but international frameworks must prioritize justice and human dignity first. PAM's Role in Mediterranean Dialogue As President Emeritus of PAM, Abou El Enein reaffirmed the organization's full support for the new EU Pact for the Mediterranean and its active contribution to shaping the political and human rights dimensions of that framework. 'Our Charter for the Mediterranean, adopted in 2008, anticipated the same values being discussed today,' he said. He emphasized PAM's unique position as a non-governmental parliamentary platform with unmatched reach and trust across member states, committed to dialogue, peacebuilding, and concrete cooperation. Conclusion: From Words to Action In closing, Abou El Enein urged all stakeholders to move from consultation to commitment and to put the two-state solution back at the center of the Mediterranean partnership agenda. 'The time for half-measures is over. Let us build a new era of peace, but it must begin with justice—and that means a sovereign Palestinian state living in peace alongside Israel,' he concluded. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream

Egypt's Navy receives first locally built Azimuth tugboat "Ras El-Hekma" from Alexandria Shipyard - Defence
Egypt's Navy receives first locally built Azimuth tugboat "Ras El-Hekma" from Alexandria Shipyard - Defence

Al-Ahram Weekly

time4 hours ago

  • Al-Ahram Weekly

Egypt's Navy receives first locally built Azimuth tugboat "Ras El-Hekma" from Alexandria Shipyard - Defence

The Egyptian Navy received its first locally built Azimuth Stern Drive (ASD) tugboat, Ras El-Hekma, from Alexandria Shipyard on Thursday, the Egyptian Armed Forces announced. According to the Egyptian army, the tugboat is the first of three being constructed for the Navy under a contract between the Navy and Alexandria Shipyard, in cooperation with the French classification society Bureau Veritas (BV). The Ras El-Hekma tugboat (RASTR 3200 model) is competitive in price and has a powerful 85-ton bollard pull capacity and exceptional manoeuvrability. It is equipped with systems from top global maritime suppliers. This is the first time Egypt's marine industry has produced this model of tugboats. In manufacturing it, Alexandria Shipyard aims to enter the global tugboat market and aspires to become a regional hub for building and exporting this class of tugboats in the coming phase. Vice Admiral Ashraf Atwa, Commander of the Egyptian Navy and Chairman of the Marine Industries and Services Authority, attended the handover ceremony. In addition, Rear Admiral Hossam El-Din Ezzat, Chairman of Alexandria Shipyard, senior Navy officials, BV representatives, and delegates from leading international maritime companies attended the event. Follow us on: Facebook Instagram Whatsapp Short link:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store