Latest news with #industrialhub
Zawya
12-08-2025
- Business
- Zawya
Egypt's Elsewedy Electric partners with GTEZ to develop new industrial hub in Golden Triangle
Egypt - The Golden Triangle Economic Zone (GTEZ) has signed a memorandum of understanding (MoU) with Elsewedy Electric, a leading energy solutions provider and industrial developer, to create a fully integrated, sustainable industrial and logistics hub in the Safaga Industrial Zone. This new development, part of Egypt's Golden Triangle Economic Zone in the Red Sea Governorate, aims to boost industrial growth and regional development in Upper Egypt. The MoU was signed by Ahmed El Sewedy, CEO and Managing Director of Elsewedy Electric, and Mohamed Abady, Chairperson of GTEZ. Under the agreement, the two entities will establish a joint-stock company to oversee the development of the industrial zone, which will meet international standards and host a range of industries, including mining, engineering, manufacturing, chemicals, food production, and more. The new industrial hub is expected to attract both local and foreign investments, create thousands of jobs, and significantly enhance Upper Egypt's contribution to Egypt's national industrial output. The GTEZ has granted the project company the rights to manage all stages of the project, from construction to operation, ensuring the use of advanced technologies and sustainable practices. In a related move earlier this year, TAQA Arabia signed a protocol with GTEZ to enhance the infrastructure of the industrial zone. This includes establishing energy networks, both conventional and renewable, as well as natural gas distribution, water services for industrial and agricultural needs, and advanced drainage systems. Mohamed Abady described the project as a strategic national initiative designed to optimize Egypt's resources, promote sustainable development, and prioritize investment in human capital. 'The Safaga Industrial Zone will serve as a modern industrial and logistics hub, strategically located near Safaga Port. Our collaboration with Elsewedy Electric is focused on providing state-of-the-art infrastructure, improving supply chain flexibility, and enhancing logistics capabilities to support exports to Africa, Europe, and the Middle East,' Abady added. For his part, Ahmed El Sewedy highlighted that this project is a natural extension of Elsewedy Electric's commitment to developing cutting-edge industrial infrastructure that aligns with Egypt's economic vision. 'Our goal is to strengthen Egypt's supply chains, increase exports, and foster balanced regional development. This partnership will create a smart, investor-friendly industrial zone that generates sustainable jobs for future generations,' El Sewedy stated. Since its establishment in 2017 by a presidential decree, the Golden Triangle Economic Zone has been a critical project under Egypt's Vision 2030, designed to drive economic growth in southern Upper Egypt through a public-private partnership (PPP) model. The new partnership with Elsewedy Electric will be a key driver in realizing this vision, making the Golden Triangle a key focal point for industrial advancement in the region.
Zawya
06-08-2025
- Business
- Zawya
SCZone attracts $793.8mln investments from 18 Turkish companies by July
The Suez Canal Economic Zone (SCZone) has attracted total investments amounting to $793.8 million from 18 Turkish companies until July 2025, as per a statement. The companies operate in various sectors, most notably textiles, ready-made garments, and healthcare products. Of these companies, 10 invested a total of $508 million in the Sokhna Integrated Zone. Meanwhile, the remaining eight firms invested $285.8 million in Qantara West. This comes as part of the SCZone's plan to attract foreign investment in priority sectors as a promising industrial hub. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Malay Mail
21-05-2025
- Business
- Malay Mail
Largest China-Russia Land Port Reinvents Itself as Industrial Hub
An aerial drone photo shows trains for China-Europe freight service at Manzhouli Railway Port in north China's Inner Mongolia Autonomous Region An aerial drone photo shows containers being loaded at Manzhouli Railway Port in north China's Inner Mongolia Autonomous Region HOHHOT, CHINA - Media OutReach Newswire - 21 May 2025 - As China's largest land port, Manzhouli is expanding beyond its traditional role as a "transit station." By promoting local processing of grain, oil and timber, the city is steadily evolving into a regional industrial Manzhouli Xinfeng Grain and Oil Industry Co., Ltd., freshly imported rapeseed from Russia is processed on intelligent production lines. From dehulling to pressing, the procedures run smoothly, as golden rapeseed oil gently streams into storage tanks."As soon as the raw materials clear customs, we go straight into production, operating around the clock," said Yang Zhihong, deputy general manager of the company. He noted that Russian rapeseed oil, prized for its low acid value and high smoke point, is particularly popular among domestic downstream "Russian supply, Chinese processing" model is fueling a growing shift among local businesses, pushing them beyond mere trade toward more advanced, value-added crunched the numbers. "By importing raw materials through 'border trade', a special policy that allows residents in border areas to conduct small-scale cross-border trade under simplified customs procedures, we save an average of 500 yuan (about 69.5 U.S. dollars) per tonne. Since last year, that's added up to savings of over 8 million yuan," he model cuts traditional trade taxes and fees from around 18 percent to less than 4 percent of total costs. It enables enterprises to source raw materials at lower prices, while border residents earn income from the price difference, creating a win-win supply chain involving border residents, cooperatives and of April 2025, "border trade" in Manzhouli has surpassed 100 million yuan this year, with more than 3,600 border residents taking part, generating nearly 2 million yuan in tax revenue to the roaring development of Manzhouli's timber processing industry goes hand in hand with the grain and oil sector. Since establishing an imported timber processing base in 2003, Manzhouli has continuously focused on deep and fine processing, showcasing the strong potential of its timber manufacturing in the Inner Mongolia Manzhouli border economic cooperation zone, the import-export resource processing industrial park processes up to 5.6 million cubic meters of timber annually. It has developed a diverse product lineup, including solid wood furniture, doors and windows, wood pellets, and solid wood 2023, the city's timber import reached 1.88 million cubic meters, demonstrating the strong momentum of the industry's Manzhouli has planned the development of a 2.74-square-kilometer chemical industry cluster within the import-export resource processing industrial park. This cluster will primarily rely on the import of large quantities of liquefied petroleum gas, methanol, and alkanes from Russia to drive integrated new energy chemical utilization and related cluster will provide high-end, premium chemical intermediates for domestic advanced polymer materials and engineering plastics, injecting new momentum into the city's economic Zhiping, an official from the Manzhouli municipal commerce bureau, said that Manzhouli's transformation from a "transit station" to an "industrial hub" reflects the development of the port-based processing increasing number of enterprises are moving beyond the traditional "transit economy" and are leveraging the advantages of the border to create a new industrial ecosystem focused on deep the first quarter of this year, Manzhouli's import and export freight volume reached 6.53 million tonnes, a year-on-year increase of 10.6 percent. The value of imports and exports handled by the Manzhouli port reached 47.67 billion yuan, up 6.1 percent year on #Manzhouli The issuer is solely responsible for the content of this announcement.
Zawya
21-05-2025
- Business
- Zawya
Largest China-Russia Land Port Reinvents Itself as Industrial Hub
HOHHOT, CHINA - Media OutReach Newswire - 21 May 2025 - As China's largest land port, Manzhouli is expanding beyond its traditional role as a "transit station." By promoting local processing of grain, oil and timber, the city is steadily evolving into a regional industrial hub. At Manzhouli Xinfeng Grain and Oil Industry Co., Ltd., freshly imported rapeseed from Russia is processed on intelligent production lines. From dehulling to pressing, the procedures run smoothly, as golden rapeseed oil gently streams into storage tanks. "As soon as the raw materials clear customs, we go straight into production, operating around the clock," said Yang Zhihong, deputy general manager of the company. He noted that Russian rapeseed oil, prized for its low acid value and high smoke point, is particularly popular among domestic downstream enterprises. This "Russian supply, Chinese processing" model is fueling a growing shift among local businesses, pushing them beyond mere trade toward more advanced, value-added processing. Yang crunched the numbers. "By importing raw materials through 'border trade', a special policy that allows residents in border areas to conduct small-scale cross-border trade under simplified customs procedures, we save an average of 500 yuan (about 69.5 U.S. dollars) per tonne. Since last year, that's added up to savings of over 8 million yuan," he explained. This model cuts traditional trade taxes and fees from around 18 percent to less than 4 percent of total costs. It enables enterprises to source raw materials at lower prices, while border residents earn income from the price difference, creating a win-win supply chain involving border residents, cooperatives and enterprises. As of April 2025, "border trade" in Manzhouli has surpassed 100 million yuan this year, with more than 3,600 border residents taking part, generating nearly 2 million yuan in tax revenue to the city. The roaring development of Manzhouli's timber processing industry goes hand in hand with the grain and oil sector. Since establishing an imported timber processing base in 2003, Manzhouli has continuously focused on deep and fine processing, showcasing the strong potential of its timber manufacturing industry. Located in the Inner Mongolia Manzhouli border economic cooperation zone, the import-export resource processing industrial park processes up to 5.6 million cubic meters of timber annually. It has developed a diverse product lineup, including solid wood furniture, doors and windows, wood pellets, and solid wood flooring. In 2023, the city's timber import reached 1.88 million cubic meters, demonstrating the strong momentum of the industry's growth. Meanwhile, Manzhouli has planned the development of a 2.74-square-kilometer chemical industry cluster within the import-export resource processing industrial park. This cluster will primarily rely on the import of large quantities of liquefied petroleum gas, methanol, and alkanes from Russia to drive integrated new energy chemical utilization and related projects. The cluster will provide high-end, premium chemical intermediates for domestic advanced polymer materials and engineering plastics, injecting new momentum into the city's economic development. Bai Zhiping, an official from the Manzhouli municipal commerce bureau, said that Manzhouli's transformation from a "transit station" to an "industrial hub" reflects the development of the port-based processing model. An increasing number of enterprises are moving beyond the traditional "transit economy" and are leveraging the advantages of the border to create a new industrial ecosystem focused on deep processing. In the first quarter of this year, Manzhouli's import and export freight volume reached 6.53 million tonnes, a year-on-year increase of 10.6 percent. The value of imports and exports handled by the Manzhouli port reached 47.67 billion yuan, up 6.1 percent year on year. Hashtag: #Manzhouli The issuer is solely responsible for the content of this announcement. The Information Office of Inner Mongolia Autonomous Regional Committee
Zawya
14-05-2025
- Business
- Zawya
KEZAD Group brings infrastructure muscle to Make it in the Emirates 2025
Abu Dhabi, UAE – Khalifa Economic Zones Abu Dhabi - KEZAD Group, the largest operator of fully integrated and purpose-built economic zones in the region, is the official enablement partner for the fourth edition of Make it in the Emirates – a flagship platform driving the UAE's transformation into a global industrial hub. Hosted by the Ministry of Industry and Advanced Technology, organised by ADNEC Group, and held alongside strategic partners the Ministry of Culture, the Abu Dhabi Investment Office, and ADNOC, the fourth edition of Make it in the Emirates will take place from May 19 to 22, 2025, at ADNEC Centre, Abu Dhabi. KEZAD Group brings decades of infrastructure and logistics expertise, and a future-focused approach to industrial development. Its 12 economic zones spanning a land bank of 550 square kilometres are integrated by a state-of-the-art port-zone ecosystem and connected by a world-class multimodal transport network across roads, ports, air, and rail. With its strategic location providing easy access to key global trade routes and infrastructure support, KEZAD plays a vital role in attracting and enabling regional and international manufacturers to establish and scale operations in Abu Dhabi. KEZAD Group's participation as the enablement partner for Make it in the Emirates underscores the growing momentum behind Make it in the Emirates as a national platform to foster strategic partnerships, promote advanced technologies, and unlock high-value investment opportunities in priority sectors. The Group's contribution also aligns with the UAE's industrial strategy and Abu Dhabi's vision for economic diversification through innovation and sustainability. Humaid Matar Al Dhaheri, Managing Director and Group CEO of ADNEC Group, said: 'Make it in the Emirates continues to grow in scale and ambition — and at ADNEC Group, we are committed to providing the platform that brings it to life. Hosting the fourth edition at ADNEC Centre Abu Dhabi reflects our ongoing role in enabling strategic sectors and advancing the UAE's industrial vision. Our collaboration with KEZAD Group brings valuable infrastructure and logistics expertise, further strengthening the event's capacity to attract investment and support manufacturing growth.' KEZAD Group's value proposition – as the largest operator of fully integrated and purpose-built economic zones in the region positions it as a key enabler for industrial investment and innovation with regulatory support for a seamless business setup and access to markets within the region – Its collaboration with Make it in the Emirates will open new pathways for businesses to engage with global markets, leverage cutting-edge technology platforms, and be a part of the UAE's manufacturing transformation. Abdullah Al Hameli, CEO, Economic Cities & Free Zones, AD Ports Group said: 'KEZAD Group is driven by Abu Dhabi's vision for a diversified economy that harnesses advanced technologies for sustainable industrial development. KEZAD is committed to facilitate industry-wide manufacturing that continues to push boundaries and excels in establishing market presence, and growth for regional and global businesses.' The fourth edition of Make it in the Emirates will continue to unite industry leaders, innovators, investors, and policymakers to accelerate the UAE's journey towards sustainable economic development. With KEZAD Group on board, the platform has gained a solid partner committed to building resilient, future-ready industries anchored in Abu Dhabi. For more information, visit Make it in the Emirates website.
