Latest news with #SayedIsmail
Zawya
22-05-2025
- Business
- Zawya
China's Xinxing invests $150mln in ductile iron pipe plant in Egypt
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.
Daily News Egypt
21-05-2025
- Business
- Daily News 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.
Zawya
27-01-2025
- Business
- Zawya
Egypt operates 125 desalination plants with daily capacity of 1.31mln cubic meters
Egypt - Sayed Ismail, Deputy Minister of Housing, Utilities, and Urban Communities, recently held a video conference with officials from the Embassy of Cyprus in Egypt and representatives from Cyprus's water sector to explore potential areas of cooperation. During the meeting, Ismail provided an overview of Egypt's ongoing seawater desalination efforts, noting that the country currently operates 125 desalination plants with a combined capacity of 1.31 million cubic meters per day. He also highlighted the plants currently under construction as part of Egypt's efforts to expand its desalination capacity. Ismail emphasized that Egypt is committed to further increasing its desalination capacity, with a goal of reaching 9 million cubic meters per day by 2050. As part of this plan, the country aims to produce 2.7 million cubic meters per day by 2030. He also mentioned the Ministry of Housing's collaborative approach, which includes working closely with the private sector through public-private partnership (PPP) initiatives for the development of new projects. The Deputy Minister stressed Egypt's eagerness to exchange knowledge and share successful experiences with Cyprus, particularly in the areas of seawater desalination, drinking water systems, and wastewater treatment. He also highlighted the significant investments made in partnership with various development partners and investors to advance these initiatives. In response, Cypriot officials expressed their appreciation for Egypt's progress in desalination and their interest in strengthening ties through the exchange of expertise and collaboration on future desalination projects. Both parties reiterated their commitment to enhancing cooperation in water management and desalination in the coming years.
