Latest news with #10thOfRamadanCity
Zawya
07-07-2025
- Automotive
- Zawya
Egypt allocates $30mln to accelerate automotive industry in FY2025
Egypt has allocated EGP 1.5bn in its 2024/2025 state budget to advance the localisation of its automotive industry, a strategic move underscored by the inauguration of Sumitomo's largest global factory for automotive wiring harnesses in 10th of Ramadan City. The Japanese manufacturer's new facility is expected to create around 10,000 jobs and serve as a key export hub for major European carmakers. Its opening reflects Egypt's broader efforts to deepen local manufacturing, reduce dependence on imports, and position itself as a regional leader in vehicle production and innovation. The government's push to grow the automotive sector is part of its wider economic development strategy aimed at enhancing the investment climate and achieving industrial self-sufficiency. International confidence in this direction is growing. Fitch Solutions projects an uptick in Egypt's vehicle production in 2025, supported by expected exchange rate stabilisation and the easing of import restrictions. Meanwhile, the International Energy Agency has praised Egypt's progress in expanding production lines for electric vehicles and batteries—developments that are enabling more exports to the EU and encouraging local EV adoption. The EGP 1.5bn allocation supports the National Strategy for the Localization of the Automotive Industry, originally launched in 2022. As of mid-2025, seven companies have joined the initiative, with three having already submitted invoices. An updated version of the strategy was approved in May and is set to take effect in July 2025. This strategy is complemented by other major national initiatives, including the activation of the Automotive Industry Development Program (AIDP), which offers incentives to boost local value-added production. Egypt has also established the Supreme Council for the Automotive Industry and launched the Eco-Friendly Automotive Industry Financing Fund, under Law No. 162 of 2022, to further support sector growth. Workforce development is also underway. In December 2024, the first batch of graduates completed the 'Android Automotive' programme—an initiative focused on building Egypt's capabilities in automotive software and smart vehicle technologies. In terms of electric mobility, Egypt recently signed a contract to launch a joint stock company for the production of the country's first electric minibus. The model will seat 24 passengers, with an initial production target of 300 buses. A dedicated battery production line is also under development, with a projected annual output of 600 batteries by 2026. Further investment is being directed into the Egypt Sat Auto project, with EGP 300m earmarked to produce a range of electric and conventional vehicles, buses, EV charging stations, scooters, and components. Traditional vehicle manufacturing and assembly are also expanding. Among the notable projects is a Geely plant with two production lines and an annual capacity of 10,000 vehicles, 45% of which will be locally sourced. Al Nasr Automotive Company has achieved over 50% local content in its production of 300 buses annually. Meanwhile, the Egyptian German Automotive Company is producing 1,200 Mercedes vehicles and 3,000 Exeed vehicles each year. Feeder industries are also gaining traction. Prometeon Tyre Egypt produces 1.1 million heavy truck tyres annually, with 70% destined for export and approximately 2,000 jobs created. Al-Mansour's vehicle filter plant, with over $10m in investments, manufactures more than 10 million filters each year. At the heart of these efforts is Sumitomo's newly launched factory in 10th of Ramadan City—a flagship project that not only represents the company's largest facility worldwide but also underscores Egypt's growing role as a manufacturing and export hub in the global automotive landscape.
Zawya
30-06-2025
- Business
- Zawya
Madbouly inaugurates Africa's 1st BSH factory in Egypt with $64mln investment
Arab Finance: Prime Minister Mostafa Madbouly has inaugurated Africa's first factory of BSH, the German home appliance manufacturer behind the Bosch brand, in Egypt with total investments exceeding €55 million, as per a statement. The facility marks the group's first manufacturing base on the African continent and serves as a launching point for its investment in the Egyptian market and the broader region. Located in 10th of Ramadan City on an area of 80,000 square meters, the factory is expected to provide around 1,000 direct and indirect job opportunities. Chief Financial Officer (CFO) of BSH Home Appliance Egypt Ahmed Riad pointed out that 50% of the output would be allocated for export to markets in Africa and the Middle East. On his part, CEO of BSH Egypt Luis Alvarez highlighted that the facility would export Egyptian-made cookers to countries, including Australia, Canada, Latin America, as well as across Africa and the Middle East. The factory has an annual production capacity of over 350,000 gas cookers, leveraging German engineering with Egyptian expertise to deliver high-quality products that meet global standards. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
30-06-2025
- Business
- Zawya
Egypt inaugurates first Bosch home appliance factory in Africa with $64.50mln investment
Egypt's Prime Minister Mostafa Madbouly inaugurated the first African factory of BSH, the German-owned home appliance giant behind the Bosch brand, marking a milestone in Egypt's industrial development and regional positioning. Located in 10th of Ramadan City, the factory represents the company's first manufacturing base on the continent, with a total investment exceeding €55m. The facility is expected to generate around 1,000 direct and indirect job opportunities, with 50% of its production designated for export to markets across Africa and the Middle East. Accompanied by key ministers and senior officials, Madbouly affirmed that Egypt's economic reforms and investor-friendly incentives have successfully attracted major global industrial players. The Bosch plant, he said, will serve as a strategic launchpad for regional expansion, leveraging Egypt's geographic advantage, skilled labour, and growing domestic market. Top executives from BSH Global attended the inauguration and praised Egypt's strategic positioning and the strong support extended by local authorities. Built over an 80,000-square-metre plot, the factory will manufacture more than 350,000 gas ovens annually using 100% Egyptian labour and German engineering expertise. The facility adopts a new BSH production model focused on integrating the local workforce rather than relying heavily on automation—an approach designed to capitalise on Egypt's labour cost advantage while upholding Bosch's global quality standards. This project aligns with Egypt's broader industrial strategy and vision to become a regional hub for manufacturing and export. BSH also confirmed its intention to expand the facility in future phases, further increasing production capacity and employment opportunities. Prime Minister Madbouly toured the production lines and met with workers, reiterating the government's commitment to supporting industrial investment, strengthening local supply chains, increasing exports, and facilitating technology transfer. In his remarks, Luis Alvarez, Chairperson of BSH Egypt and Morocco, explained that the decision to establish BSH's first African factory in Egypt reflects a long-term strategic vision. He highlighted Egypt's potential as a gateway to continental and regional markets and noted that the country is now home to BSH's 40th production facility worldwide. BSH operates 39 factories across Europe, North America, and Asia and maintains a presence in more than 60 countries. The new Egyptian plant is now a critical link in this global network and will serve as a springboard into emerging markets across the Global South. Designed with strict sustainability standards, the factory combines advanced infrastructure with local talent. BSH plans to export 50% of its output to the Middle East, Africa, Australia, Canada, and Latin America. Ahmed Riad, Executive Board Member and CFO of BSH Home Appliances Egypt, noted that the factory's 90 cm cookers were developed specifically to match Egyptian consumer preferences. The current local component ratio stands at 50%, with plans to exceed 70% within two years. He also revealed that BSH is exploring the possibility of expanding its product line beyond ovens and cookers, further strengthening Egypt's position as a regional manufacturing hub. Following the Bosch factory inauguration, Prime Minister Madbouly also opened Jumia's largest logistics warehouse in Egypt—a major development for the country's e-commerce and digital logistics infrastructure. Spanning over 27,000 square metres and equipped with state-of-the-art technologies, the new facility is designed to accelerate delivery times, enhance storage efficiency, and support Jumia's growing operations, particularly in Upper Egypt. It is expected to create approximately 10,000 direct and indirect jobs. The warehouse supports Egypt's goal to become a regional digital hub, aligning with Vision 2030 and national efforts to expand digital services, boost youth employment, and support tech-driven development. Minister of Communications and Information Technology Amr Talaat highlighted that the software powering Jumia's platform was developed locally by Egyptian engineers. Jumia Egypt CEO Abdellatif Olama emphasised the strategic importance of Egypt within Jumia's regional operations. The country hosts one of the company's largest tech hubs in Africa and plays a pivotal role in exporting digital solutions across the continent. He reiterated Jumia's commitment to enhancing Egypt's role in Africa's digital transformation and to supporting local manufacturing and logistics ecosystems. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Zawya
21-05-2025
- Business
- Zawya
PM inaugurates SE Wiring Systems Egypt's factory in 10th of Ramadan City
Egypt - Prime Minister Mostafa Madbouly took part in the inauguration of SE Wiring Systems Egypt's latest manufacturing facility in 10th of Ramadan City on Tuesday. The company is a subsidiary of Sumitomo Electric Wiring Systems (Europe), operating under the global conglomerate Sumitomo Group. The newly launched plant is considered one of the largest automotive wiring harness production facilities worldwide. It features fully integrated departments equipped with state-of-the-art technologies and advanced production lines, as well as a dedicated training academy and a research and development center. Notably, the facility is environmentally friendly and powered in part by a comprehensive solar energy system. Mohamed Hammam, Deputy Managing Director of Sumitomo Electric Egypt, presented an overview of the new plant, noting that the total project area spans 150,000 square meters. The current built-up area occupies approximately 23,000 square meters—about 15% of the total land area—comprising the first phase of development. Hammam stated that the existing production hall covers 12,500 square meters, with 60% currently in operation and the remaining 40% allocated for future expansion. Full utilization of the facility is anticipated by 2027. At present, the factory employs 2,000 workers, with plans to increase the workforce to 3,000 by the end of 2025. All operators, technicians, and engineers at the facility are local hires who have undergone certified training provided by the parent company. Their performance has demonstrated skill levels comparable to European factory standards. 'For the first time in Sumitomo Egypt's history, all machinery installation and preparation work was carried out entirely by our local technical team,' Hammam emphasized. 'This unprecedented challenge was successfully accomplished by the Egyptian team.' He further noted that the 10th of Ramadan factory currently operates 53 machines for various applications, with a production capacity of 10 million wires per month. This number is expected to rise to 130 machines, enabling a monthly output of 26 million wires. Hammam added that the facility currently houses 170 wire cutting and preparation machines—making it the Sumitomo site with the highest number of such machines in Europe, and operating at peak efficiency. He also highlighted an ambitious initiative to localize the production of wiring harness components. This effort is led by a permanent in-house team dedicated to innovation and reducing reliance on imports. All locally produced components have successfully passed rigorous testing and calibration, with many performing on par with—or even exceeding—the quality of parts imported from the European headquarters. As a result, several other companies in the sector are now seriously considering sourcing these components from Egyptian suppliers. 'We currently produce 1.8 million wiring harnesses per month in Egypt,' Hammam stated. 'At the 10th of Ramadan facility alone, we manufacture 650,000 harnesses each month, with plans to increase to one million by year's end.' He also revealed that wiring harnesses for a specific car brand have been entirely produced in Egypt. Production for a locally assembled version of that brand will begin at the 6th of October factory in March 2025, with a maximum daily capacity of 270 harnesses. Hammam went on to explain that the company has equipped all its Egyptian factories with integrated solar power systems to support clean energy use and reduce carbon emissions. This investment aligns with Egypt's Vision 2030 and its climate commitments. The solar system, representing an investment of approximately €1 million, generates up to 3.2 megawatts of energy. Founded in 2008, SE Wiring Systems Egypt S.A.E. operates under the Private Free Zones system. It specializes in manufacturing electrical wiring systems and cables for various vehicle types. With investments totaling around €160m, the company provides over 12,000 jobs across its facilities in 6th of October City, 10th of Ramadan, and Port Said. SE Wiring Systems Egypt currently operates five factories in Port Said and two in 6th of October City. The company exports its entire production to countries such as the UK, France, Turkey, Italy, the Czech Republic, and Slovakia, achieving annual exports exceeding €300m. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
