Latest news with #10thofRamadan
Zawya
21-05-2025
- Business
- Zawya
Madbouly inaugurates SE Wiring Systems Egypt's factory in 10th of Ramadan City
Arab Finance: Prime Minister Moustafa Madbouly has inaugurated SE Wiring Systems Egypt's factory, one of the largest wiring harness manufacturing plants globally, according to a statement. SE Wiring Systems Egypt is a subsidiary of Sumitomo Electric Wiring Systems Europe Ltd. Located on an area of 150,000 square meters in 10th of Ramadan City, the factory employs more than 12,000 Egyptian workers, with annual exports exceeding €300 million. Madbouly stated that the project received a gold license in September 2023, while the implementation process began in December. Actual production from the factory started by the end of 2024. He added that this factory includes a training center that qualifies Egyptian youth to work in the wiring harness production, which opens the door to significant job opportunities for young men and women. The prime minister noted that women currently represent over 40% of ithis factory's total workforce. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Ya Biladi
20-05-2025
- Business
- Ya Biladi
Africa Development Club boosts intra-African trade in Egypt
The Africa Development Club (CAD) of the Attijariwafa bank group held its 41st multisectoral mission in Egypt on May 14 and 15, in collaboration with its local subsidiary. The event brought together over 300 economic and institutional decision-makers from 12 African countries, underscoring the CAD's commitment to fostering intra-African cooperation. Delegations of business leaders and institutional representatives traveled from countries including Cameroon, Congo, Côte d'Ivoire, Gabon, Mali, Morocco, Mauritania, Senegal, Chad, Togo, and Tunisia. They were accompanied by representatives from Attijariwafa bank's subsidiaries in each respective country. Several general managers led their delegations, including Mohamed El Ghazi of Société Ivoirienne de Banque and Mounir Ibrahim of Attijari bank Mauritania. Held under the theme «Connecting Markets, Building the Future», the conference featured speakers such as Ismaïl Douiri, Deputy General Manager of the Attijariwafa bank group, and Islam Azzam, Vice President of Egypt's Financial Regulatory Authority. A key panel discussion focused on investment opportunities within Africa and the importance of strengthening regional economic partnerships. More than 400 B2B meetings were organized during the event, covering strategic sectors such as agribusiness, construction, distribution, and automotive. Participants also visited the 10th of Ramadan industrial zone, gaining insights into Egypt's industrial and commercial potential. On this occasion, the CAD announced its upcoming multisectoral missions: the next one will take place in Pointe-Noire, Republic of Congo, in June 2025, followed by another in Libreville, Gabon, in October. As a leading pan-African platform of the Attijariwafa bank group, the Africa Development Club is dedicated to advancing economic exchange across the continent. It currently counts over 6,000 active members and has facilitated more than 31,000 business meetings.
Zawya
13-05-2025
- Business
- Zawya
Egypt: El-Khatib grants 6 golden licenses for strategic investment projects
Arab Finance: Minister of Investment and Foreign Trade Hassan El-Khatib handed over six new gold licenses to several strategic investment projects, according to a statement. Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), participated in the ceremony, which aligns with the state's efforts to provide further incentives to investors and attract more local and foreign investment. The COFICAB Egypt project for manufacturing electrical wires received a golden license. The project is located on an area of 30,296 square meters in the 10th of Ramadan Industrial Zone, with an investment cost of $40 million, creating around 267 job opportunities. El-Khatib also gave a golden license for the Abydos Renewable Energy project, located on an area of 20 square kilometers in Aswan, with investments of $850 million. It secures 4,000 jobs. Furthermore, Lesaffre Company's project in Egypt for yeast production also received a golden license. The project is expected to create 130 job opportunities. It spans 43,755 square meters, with a total investment of €120 million. The Huhtamaki Egypt, a company for the production and distribution of coarse and fine fiber, also secured a golden license for its project in Sadat City. Located on an area of 21,734 square meters, the project has an investment cost of EGP 1.47 billion and provides about 61 job opportunities. The Shen Feng project for the manufacture of cast iron also got a license. With an investment of $145 million, the project is located on an area of 270,000 square meters in Ain Sokhna and creates about 700 jobs. Finally, the Yada Egypt project for furniture manufacturing got a golden license. Located on an area of 208,003 square meters in New Alamein City, the project has an investment cost of €70 million. It provides 6,350 direct and indirect job opportunities. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Middle East
19-04-2025
- Business
- Middle East
OPEN// PM visits Altawakol Group factories in 10th of Ramadan city
CAIRO, April 18 (MENA) - Prime Minister Moustafa Madbouli Saturday inspected the factories of Altawakol Group for Steel Fabrication, Galvanization and Electronics Company during his tour of the 10th of Ramadan city. Earlier Saturday, Madbouli embarked on a tour of a number of factories in the 10th of Ramadan city, where he was accompanied by Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel el Wazir and a host of respective officials. Upon his arrival, the premier was received by Altawakol Company for Electronics CEO Sherif Abdel Fattah and Altawakol for Steel Fabrication Company CEO Shady Tawakol. Madbouli was briefed by Abdel Fattah about the company's three factories and their important role in the implementation of national projects. The factories of Altawakol Group are the galvanization factory that was inaugurated in 2019, the towers factory that opened in 2021, and the poles and high mast factory which was opened in 2023, CEO of Altawakol for Electrinics Company Abdel Fattah said. Altawakol Steel is one of the leading Egyptian companies in the field of electrical industries since its establishment in 1975, Abdel Fattah said, adding that the company is also a leader in manufacturing and supplying integrated solutions. The group hires more than 4,500 employees, with total investments exceeding EGP 7 billion, Abdel Fattah said, noting that foreign investments pumped through the group amount to 50 million dollars. Altawakol for Electronics company is a leading pioneer in manufacturing and providing integrated solutions in the electrical industries in Egypt. The company is accredited by ISO 9001 : 2015 , ISO 14001 : 2015 , ISO 45001 : 2018, ISO 50001: 2018 , EGAC-ISO 9001 : 2015, and made in Egypt certificate. At the conclusion of his visit, Madbouli posed for a photo op with engineers and workers of the factory. (MENA) A A E/M N E
Middle East
19-04-2025
- Business
- Middle East
Open// PM tours Egyptian Swiss Group's factories in 10th of Ramadan city
10TH OF RAMADAN CITY, Egypt, April 19 (MENA) – Prime Minister Mostafa Madbouli has toured the factories of the Egyptian Swiss Group for flour, pasta, and concentrates in the 10th of Ramadan city. The premier on Saturday embarked on a tour to inspect a number of factories in the 10th of Ramadan city, where he was accompanied by Transport and Industry Minister Kamel El Wazir and a host of respective officials. Madbouli, who was received by the group's chairman and general director, was briefed about the group's achievements and its future expansion plans to invest some $10 million to meet the growing demands of exports and local markets. The group, which was established in 1995, has been adopting high production standards and distinguished quality, leading to rapid growth and expansion for its products, including wheat, pasta, and concentrates, in both local and export markets. (MENA) K F E/M N E
