Latest news with #MinistryofPublicBusinessSector
See - Sada Elbalad
5 days ago
- Entertainment
- See - Sada Elbalad
Egypt Launches VR Experience at Giza Pyramids to Boost Tourism
Mohamed Mandour Egypt's Sound and Light Company has launched a new virtual reality (VR) experience at the Giza Pyramids, blending cutting-edge technology with the country's ancient heritage in a bid to attract more visitors. Operated under the Ministry of Public Business Sector and the Holding Company for Tourism and Hotels, the experience allows visitors to 'travel back in time' through immersive 3D simulations. Inside a dedicated venue, guests can explore the tomb of King Tutankhamun and its treasures, witness the construction of the pyramids, dive into the sunken city of Alexandria, and learn about ancient Egyptian mummification rituals. Mohamed Abdel Aziz, chairman and managing director of the Sound and Light Company, said the VR shows link culture and entertainment, offering an interactive way to revitalize tourism at the Giza Plateau. The initiative is part of a broader modernization plan to update traditional sound-and-light performances with new technologies, including VR and 3D projection mapping, with future expansions planned for other heritage sites such as Karnak, Edfu, Abu Simbel, and Qaitbay Citadel. Abdel Aziz emphasized the project's role in enhancing Egypt's image as a modern, tech-savvy tourism destination that integrates its authentic heritage with sustainable innovation. 'It's about merging knowledge with the fun of modern technology to attract both young audiences and international visitors,' he said. The Sound and Light shows, first launched in the 1960s, are among Egypt's signature cultural tourism experiences, combining dramatic lighting, music, and narration to showcase sites like the Giza Pyramids, Karnak, Philae, and Abu Simbel. Recent upgrades, Abdel Aziz noted, have made the shows more engaging, particularly for younger generations, while extending tourist stays and spending in archaeological areas. 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 Videos & Features Story behind Trending Jessica Radcliffe Death Video News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture Lebanese Media: Fayrouz Collapses after Death of Ziad Rahbani
Zawya
30-04-2025
- Business
- Zawya
Two new recycling projects launched in Egypt with $33mln investment
Egypt's prime minister, Mostafa Madbouly, on Tuesday, witnessed the signing of a shareholders' agreement to establish two new companies for industrial projects focused on recycling waste into polyester fibre and industrial felt, involving foreign investment. The two projects, located at the Misr Company for Artificial Silk and Polyester Fibers site in Kafr El Dawar, Beheira Governorate, represent a total investment of EGP 1.7bn. The site is affiliated with the Holding Company for Cotton, Spinning, Weaving and Clothes, which falls under the Ministry of Public Business Sector. The agreement was signed by Ahmed Hassan Saber, executive managing director of Misr Company for Artificial Silk and Polyester Fibers; Haider Nouri Derjal, a shareholder and authorised representative of UAE-based Othman International; and Wael Zakaria Abdel Maabood Farag, also a shareholder. Minister of Public Business Sector Mohamed Shimi attended the signing ceremony. According to a government statement, the projects aim to recycle plastic waste and fabric scraps using European technology. The resulting materials will be supplied to local and international industries, contributing to reduced carbon emissions and supporting the green economy. Prime Minister Madbouly stated the projects represent a 'strong addition to the state's efforts in promoting the transition towards a green economy.' He affirmed government support for initiatives that create jobs, cut emissions, and meet sustainable development goals, adding that 'exploiting industrial and agricultural waste economically has become a basic pillar in Egypt's Vision 2030.' Madbouly noted such projects enhance the competitiveness of Egyptian products globally and open export opportunities. Minister Mohamed Shimi said the establishment of these projects aligns with the ministry's plan 'to maximize the exploitation of subsidiary companies' assets… establishing productive projects with high economic and environmental returns.' He added that the projects would significantly reduce import dependency and position Kafr El Dawar as a regional hub for these specific industries, benefiting from proximity to ports and industrial zones. Shimi encouraged further investment in green industries. The first project, representing an investment of EGP 1.1bn and establishing a company with EGP 1bn in capital, will occupy 25,000 square metres. It aims to produce 30,000 tonnes annually of polyester fibre derived from recycled plastic waste. This fibre has applications in clothing, mattresses, pillows, thermal insulation, road lining, carpets, and vehicle upholstery. The project targets reducing the domestic supply-demand gap and exporting 80% of its output, with projected annual sales of around EGP 800m. The second project focuses on recycling fabric waste into industrial felt. It involves an investment of EGP 600m, establishing a company with EGP 400m in capital, and will cover 20,000 square metres. With a similar planned output of 30,000 tonnes annually, the felt produced is used in aircraft, trains, metros, vehicles, furniture, and thermal insulation. This project aims to substantially decrease imports and export 52% of its production, generating estimated annual sales of EGP 230m. The implementation of these two projects is expected to contribute to transforming Kafr El Dawar into a regional industrial centre for recycling and alternative raw material production. This supports Egypt's national strategy towards expanding high-value-added industries, protecting the environment, and boosting exports to new global markets.
Daily News Egypt
29-04-2025
- Business
- Daily News Egypt
Two new recycling projects launched in Egypt with EGP 1.7bn investment
Egypt's prime minister, Mostafa Madbouly, on Tuesday, witnessed the signing of a shareholders' agreement to establish two new companies for industrial projects focused on recycling waste into polyester fibre and industrial felt, involving foreign investment. The two projects, located at the Misr Company for Artificial Silk and Polyester Fibers site in Kafr El Dawar, Beheira Governorate, represent a total investment of EGP 1.7bn. The site is affiliated with the Holding Company for Cotton, Spinning, Weaving and Clothes, which falls under the Ministry of Public Business Sector. The agreement was signed by Ahmed Hassan Saber, executive managing director of Misr Company for Artificial Silk and Polyester Fibers; Haider Nouri Derjal, a shareholder and authorised representative of UAE-based Othman International; and Wael Zakaria Abdel Maabood Farag, also a shareholder. Minister of Public Business Sector Mohamed Shimi attended the signing ceremony. According to a government statement, the projects aim to recycle plastic waste and fabric scraps using European technology. The resulting materials will be supplied to local and international industries, contributing to reduced carbon emissions and supporting the green economy. Prime Minister Madbouly stated the projects represent a 'strong addition to the state's efforts in promoting the transition towards a green economy.' He affirmed government support for initiatives that create jobs, cut emissions, and meet sustainable development goals, adding that 'exploiting industrial and agricultural waste economically has become a basic pillar in Egypt's Vision 2030.' Madbouly noted such projects enhance the competitiveness of Egyptian products globally and open export opportunities. Minister Mohamed Shimi said the establishment of these projects aligns with the ministry's plan 'to maximize the exploitation of subsidiary companies' assets… establishing productive projects with high economic and environmental returns.' He added that the projects would significantly reduce import dependency and position Kafr El Dawar as a regional hub for these specific industries, benefiting from proximity to ports and industrial zones. Shimi encouraged further investment in green industries. The first project, representing an investment of EGP 1.1bn and establishing a company with EGP 1bn in capital, will occupy 25,000 square metres. It aims to produce 30,000 tonnes annually of polyester fibre derived from recycled plastic waste. This fibre has applications in clothing, mattresses, pillows, thermal insulation, road lining, carpets, and vehicle upholstery. The project targets reducing the domestic supply-demand gap and exporting 80% of its output, with projected annual sales of around EGP 800m. The second project focuses on recycling fabric waste into industrial felt. It involves an investment of EGP 600m, establishing a company with EGP 400m in capital, and will cover 20,000 square metres. With a similar planned output of 30,000 tonnes annually, the felt produced is used in aircraft, trains, metros, vehicles, furniture, and thermal insulation. This project aims to substantially decrease imports and export 52% of its production, generating estimated annual sales of EGP 230m. The implementation of these two projects is expected to contribute to transforming Kafr El Dawar into a regional industrial centre for recycling and alternative raw material production. This supports Egypt's national strategy towards expanding high-value-added industries, protecting the environment, and boosting exports to new global markets.
