Latest news with #industrialdevelopment
BBC News
2 days ago
- Business
- BBC News
Brackley school and Daventry industrial development up for sale
A former school and an industrial development are to be sold to generate income for a council. West Northamptonshire Council (WNC) hopes the sales of the now closed Southfield Primary School, in Brackley, and the industrial site in Heartlands, Daventry, could generate income of about £500,000. Two public open spaces are due to be transferred to Crick Parish Council for £1 each, as it is felt they can be better managed by the community. It is also aiming to formalise its ownership of two pieces of land in Green Lane and Off the old A45, both in Northampton. Members of WNC approved the plans at a meeting on Wednesday. The change comes after the authority agreed to put the modern extension of Northampton's Guildhall up for sale. Southfield Primary School, which closed in July 2024 due to a shortfall in pupils, could be demolished and the land used for housing. Its existing theatre block will be kept, along with 50 car parking spaces for the community, to be used as a family hub, the Local Democracy Reporting Service said. WNC said "extensive checks" were made to see if there was a viable educational use for the site, but none came forward. 'Delighted' Brackley Conservative councillor Fiona Baker said the closure of the school had been "pretty devastating". "The space can provide a permanent home for a 'spoke' of the family hub service, the much-loved youth club, a community larder, a stem school for Send students, along with other early health groups that currently lack a dedicated venue."Now is the time to invest in infrastructure for Brackley that supports the expanding community."Regarding the sale of the open spaces, Liberal Democrat councillor Rosie Humphreys said: "Cracks Hill is known and loved by everyone in Crick. "It's widely used by the villages and outdoor amenity for ramblers, dog walkers and families."The parish council has long wished to have ownership of this local landmark and will be delighted if the transfer process is approved."WNS said solidifying its title on the Northampton land would enable it to be better managed. Follow Northamptonshire news on BBC Sounds, Facebook, Instagram and X.
Zawya
3 days ago
- Business
- Zawya
SCZONE, MDC, TEDA Egypt ink $100 deal for joint project in Sokhna Industrial Zone
Arab Finance: The General Authority for Suez Canal Economic Zone (SCZONE), the Main Development Company (MDC), and TEDA Egypt inked a joint deal for a project in the Sokhna Industrial Zone, with a total investment of $100 million, according to a statement. The signing aligns with TEDA Egypt's near completion of the development of the previously allocated 7,000 square meters, bringing the total allocated area to about 10,000 square meters. The agreement covers transferring the usufruct rights for a 2,860-square-meter plot of land within the Sokhna Industrial Zone, which will contribute to attracting more diverse investments and creating integrated and sustainable industrial communities. Prime Minister Mostafa Madbouly stressed the importance of this cooperation in accelerating industrial development within the SCZONE, highlighting its potential and capabilities to become one of the region's major manufacturing and logistics centers. Madbouly noted that the state is working to foster partnerships with the local and foreign private sector to boost development and create job opportunities. For his part, Waleid Gamal El-Dien, the Chairman of the SCZONE, said the deal marks a strategic step toward strengthening the development system within the Sokhna Integrated Industrial Zone. It also backs the authority's efforts to maximize the investment value of industrial lands and make the most of the available infrastructure, Gamal El-Dien noted. It is worth highlighting that the economic zone succeeded in attracting Chinese investments exceeding $4 billion over the past three years. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
CTV News
4 days ago
- Business
- CTV News
Georgia-Pacific breaks ground on $191M expansion of northern Ont. mill
Georgia-Pacific broke ground Tuesday afternoon on a $191 million expansion at its wood processing mill in Englehart, Ont.
Zawya
6 days ago
- Business
- Zawya
Egypt: El-Wazir inaugurates glass factory, lay foundation for new project at Elaraby Group's complex
Arab Finance: Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir inaugurated an engineered glass factory at the industrial city of Quesna in Monufeya, according to a statement. Built on an area of 20,000 square meters, the factory has a total investments of $25 million and an annual production capacity of up to 2 million square meters. The factory produces various types of building facade glass, including double glazing, thermal glass, and curved glass. It relies fully on local components, with plans to export 50% of its production to Middle Eastern and African markets. Moreover, the project, which is part of Elaraby Group's factory complex, offers around 300 direct job opportunities. El-Wazir also laid the foundation stone for a new refrigerator and freezer factory belonging to Elaraby Group. With nvestments valued at $108 million, the factory is established on an area of 107,000 square meters, in partnership with the Japanese company Sharp. It has an annual production capacity of 900,000 units. Together, the two projects will create more than 4,000 direct job opportunities. The minister's tour falls under the directives of President Abdel Fattah El-Sisi to advance the industrial sector and transform Egypt into a regional industrial hub, backing the state's Vision 2030. He also visited ATCO Pharma, which produces human and veterinary medicines, in addition to nutritional supplements. Located in the second industrial zone of Quesna, the factory spans 12,500 square meters and has total investments of EGP 1 billion. It allocates 98% of its production to the local market and exports to more than 10 countries. The factory employs about 1,000 workers. The minister also inspected the Piel Color Company for tanning and finishing leather, built on an area of 63,000 square meters with total investments of $200 million. The factory employs around 938 job opportunities and incorporates between 65% and 75% local component in its products. More than 90% of its annual production is exported to China, India, Russia, the US, the UAE, and Saudi Arabia. Its annual production capacity stands at 40 million feet of semi-finished and fully finished leather, 3,000 tons of gelatin, and 3,000 tons of amino acids. The minister concluded his tour by visiting Bavaria's fire-fighting equipment factory in the Gesr El-Suez area of Cairo. Spanning an area of 4,574 square meters, the factory employs approximately 500 workers. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
07-07-2025
- Business
- Zawya
Egypt: El-Wazir announces offering 36 factories to investors at Robbiki Leather City
Arab Finance: Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir announced the launch of the second offering of industrial factories at Robbiki Leather City. This comes within the third phase, which comprises 36 fully equipped factories for finished leather products. The offering will be available on Egypt's Digital Industrial Platform from July 5th to 27th. This initiative follows the success of the first offering, which was launched last December and resulted in the allocation of all offered factories with a coverage rate exceeding 100%. Implemented under the directives of President Abdel Fattah El-Sisi, the new offering aims to strengthen local industry and stimulate industrial investment, especially in key sectors with high added value, such as the leather industry. The 36 ready-to-operate factories span areas ranging from 121 to 2,000 square meters (sqm) to meet the investors' various demands. In this regard, six factories (2,000 sqm), 10 factories (1,000 sqm), and 20 industrial workshops (121 sqm) will be channeled through Cairo Company for Investment and Development (CID). El-Wazir noted that these factories serve varied production capacities, adding that multiple units can be merged for expansion-focused investors, ensuring smooth management. He also affirmed the ministry's commitment to supporting serious investors and bolstering a flexible, stable production environment within the Robbiki Leather City. The new offering, available under both instalment sale and operational rent systems, has unprecedented facilitations, including an integrated package of financing solutions secured with the Export Development Bank of Egypt (EBank). This facility covers machinery, working capital, technical support, and export assistance. Moreover, investors at the Robbiki Leather City will receive additional incentives, most notably an additional 50% of export burden refunds, to evolve global competitiveness. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
