Abou El Enein: Cleopatra Group Transformed Desert into Industrial Hub
Taarek Refaat
Mohamed Abou El Enein, Deputy Speaker of Egypt's House of Representatives and Chairman of Cleopatra Group highlighted the group's pioneering journey in transforming the Egyptian desert into a hub of industrial development, during a speech at the Sixth Qingdao Multinationals Summit in China.
His remarks were featured in a televised segment aired by Ahmed Moussa on his program on Egypt's Sada El-Balad channel.
'In the heart of the desert, we began building the first industrial city specializing in construction materials,' Abou El Enein said. 'We have a story of transforming the desert, not just with buildings, but with vision, resilience, and Egyptian innovation.'
Founded over 45 years ago, Cleopatra Group has grown into one of the largest private industrial and investment entities in Egypt and the Middle East, with core operations in ceramics, porcelain, building materials; an export-driven manufacturing.
Abou El Enein emphasized that Cleopatra Group's success serves as a case study in localized industrialization, noting that it became the first Egyptian company to lead the ceramics and construction materials sector.
'What started as an idea in the middle of the desert is now a thriving industrial empire contributing to Egypt's economy and exports,' he said.
Mohamed Abou El Enein, Deputy Speaker of Egypt's House during a speech at the Sixth Qingdao Multinationals Summit in China
read more
CBE: Deposits in Local Currency Hit EGP 5.25 Trillion
Morocco Plans to Spend $1 Billion to Mitigate Drought Effect
Gov't Approves Final Version of State Ownership Policy Document
Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister
Qatar Agrees to Supply Germany with LNG for 15 Years
Business
Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves
Business
Suez Canal Records $704 Million, Historically Highest Monthly Revenue
Business
Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday
Business
Wheat delivery season commences on April 15
News
China Launches Largest Ever Aircraft Carrier
Sports
Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer
Videos & Features
Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall
Lifestyle
Get to Know 2025 Eid Al Adha Prayer Times in Egypt
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
Videos & Features
Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
News
Shell Unveils Cost-Cutting, LNG Growth Plan
Technology
50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Middle East
3 hours ago
- Middle East
OPEN// PM: Egypt ranked 9th globally in attracting FDIs according to int'l report
NEW ALAMEIN CITY, June 25 (MENA) - Prime Minister Mostafa Madbouli said on Wednesday that an international report indicated that Egypt ranked 9th globally in 2024 in terms of attracting foreign direct investments (FDIs), after previously ranking 35th. This is a positive development, and the state will continue to promote investment in the coming period, accelerate licensing processes, and provide more facilities for both foreign and local investors to encourage a favorable investment climate, Madbouli told a press conference at the government headquarters in New Alamein City following the weekly Cabinet meeting. The prime minister reassured the Egyptian people that the country's economic situation is stable, pointing out that Egypt's foreign currency resources in May matched the state's spending for the fourth month in a row. He also emphasized that Egypt is capable of meeting its needs without relying on hot money (short-term speculative capital), and that local resources now cover consumption and needs. (MENA) I S N/S R E
Middle East
3 hours ago
- Middle East
OPEN// President Sisi greets Egyptian expats on new Hijri year
CAIRO, June 25 (MENA) - President Abdel Fattah El Sisi has greeted Egyptian Muslim expatriates on the new Hijri year 1447. In a cable of greetings published on the social media pages of all Egyptian embassies and consulates, President Sisi wished Egyptian nationals abroad prosperity in the new Hijri year, voicing hope that Egypt would achieve further progress and stability. Thursday, June 26, marks the first day of Muharram, the first month of the Islamic calendar. (MENA) I S N/S R E
See - Sada Elbalad
5 hours ago
- See - Sada Elbalad
Egypt's CBE Governor Attends 2025 Afreximbank Annual Meetings
Taarek Refaat Hassan Abdullah, Governor of the Central Bank of Egypt, is taking part in the 32nd Annual Meetings of the African Export-Import Bank (Afreximbank), held from June 25 to 27. The event gathers a high-profile lineup of heads of state, senior policymakers, investors, and economists from Africa, the Caribbean, and more than 80 countries worldwide. This year's theme — 'Building the Future on Decades of Resilience' — reflects the continent's ongoing efforts to transform its economic landscape through trade, innovation, and strategic partnerships. The meetings aim to accelerate intra-African trade and cross-border investment, strengthen South-South cooperation, expand public-private partnerships across critical sectors Governor Abdullah's participation underscores Egypt's commitment to regional financial integration and its growing leadership in African economic development. Among the prominent figures attending the summit: President Bola Ahmed Tinubu of Nigeria, Former President Olusegun Obasanjo Ambassador Albert Muchanga, African Union Commissioner for Economic Development, Trade, Industry, and Tourism, as well as senior ministers, central bank governors, and CEOs from across Africa and the Caribbean. The agenda features high-level policy panels and economic dialogues, including sessions led by Jeffrey Sachs, Columbia University, Kishore Mahbubani, National University of Singapore, as well as African business icons such as Aliko Dangote and Tony Elumelu Egypt's Strategic Role The governor is expected to emphasize Egypt's vision for financial inclusion, fintech innovation, and regional infrastructure financing, aligning with Afreximbank's mission to build resilient African economies. Egypt, one of the bank's founding members, continues to play a pivotal role in regional banking reform and cross-border payment systems, including the Pan-African Payment and Settlement System (PAPSS). As African economies navigate global uncertainty, rising debt burdens, and climate-related challenges, this year's Afreximbank meetings are seen as a critical forum for shaping a new financial architecture — one centered on self-reliance, digitization, and sustainable development. Egypt's presence — through Governor Hassan Abdalla — signals not only participation, but a strategic stake in shaping that future. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt 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 Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
