Latest news with #MinistryofIndustryandTransport
Al-Ahram Weekly
24-06-2025
- Business
- Al-Ahram Weekly
Egypt inks deal with Chinese shipbuilder to add two bulk carriers to national fleet - Economy
Egypt's state-owned National Navigation Company has signed an agreement with China's Hantong Shipyard to build two Kamsarmax-class dry bulk carriers, the Ministry of Industry and Transport said on Tuesday. The vessels, each with a deadweight of 82,000 tonnes, are scheduled for delivery in September and November 2028. Mohamed Suleiman Metwally, managing director of the National Navigation Company, and Meng Chengjun, chairman of Hantong Shipyard, signed the contract in the presence of Kamel El-Wazir, Deputy Prime Minister and Transport and Industry Minister. The deal is part of Egypt's plan to modernize its commercial shipping fleet and strengthen its role as a regional logistics hub. The ministry said the new ships will be built to meet international environmental and technical standards, with fuel-efficient hulls, MAN B&W engines delivering 7,490kW, and advanced emission-reduction systems. Each ship will also be fitted with modern navigation systems. The vessels will measure 229 metres in length, with a beam of 32.26 metres and a draft of 14.5 metres. El-Wazir said the agreement continues Egypt's cooperation with Hantong, which also built two similar ships—the Wadi El-Muluk and Wadi El-Arish—delivered in 2023 and early 2024, respectively. Those vessels were part of a broader push to renew the national fleet, with the Wadi El-Muluk unveiled at Alexandria Port during the inauguration of the Tahya Misr terminal. The new order will bring the total number of vessels in the company's fleet to 18, up from 12 three years ago. According to the ministry, this represents a 54 percent fleet renewal and forms part of a strategy to increase national capacity to transport strategic goods, including grain and oil. El-Wazir said the ministry aims to expand the commercial fleets of state-owned shipping firms, including the National Navigation Company, Arab Bridge Maritime, Cairo Ferries, and the Egyptian Tanker Company, to a combined 36 vessels by 2030. Follow us on: Facebook Instagram Whatsapp Short link:
CairoScene
20-05-2025
- Automotive
- CairoScene
Electric Buses to Replace Microbuses on Part of Ring Road This June
Microbuses will soon be banned on the stretch covering the Autostrad to the Cairo-Alexandria Desert Road exit. May 20, 2025 Egypt will begin phasing out microbus services along a key section of the Ring Road starting in June 2025, as part of preparations for the rollout of the Bus Rapid Transit (BRT) system. The move aims to ease congestion and improve traffic flow across Greater Cairo by replacing informal transit options with a modern, high-capacity network. The microbus ban will apply specifically to the stretch between the Autostrad exit and the Cairo-Alexandria Desert Road exit. In its place, electric BRT buses will operate in dedicated lanes, which will look to offer faster and more environmentally friendly alternatives to current transport methods. Announced by the Ministry of Industry and Transport, the decision forms part of Egypt's broader strategy to upgrade urban mobility infrastructure. However, authorities have yet to disclose plans for integrating current microbus drivers or redistributing impacted routes under the new system.
Zawya
14-04-2025
- Business
- Zawya
Egypt launches 2 integrated textile cities in Minya, Fayoum with $3.5bln investment
Arab Finance: The Egyptian Ministry of Industry and Transport has announced the launch of two integrated textile cities in Wadi Al-Saririya, Minya, and North Fayoum, as per a statement. The cities will be established in partnership with the private sector through the industrial developer system, covering a total area of 11 million square meters, with each city occupying 5.5 million square meters. Minister of Industry and Transport Kamel El-Wazir stated that the Wadi Al-Saririya city in Minya will be the first textile city in Upper Egypt, with an investment of EGP 12 billion. The second city in North Fayoum will cost EGP 15 billion. These cities will be designed to serve as models for industrial cities specializing in the textile industry, including service and logistics zones. Minya and Fayoum were chosen due to their favorable investment conditions, including infrastructure improvements such as roads, dry and sea ports, and railways, which have been developed since 2014, the statement noted. The targeted investment for these cities is expected to reach up to $3.5 billion, with a focus on increasing Egypt's textile exports. Current textile exports are valued at $2.8 billion, but with the new projects, the goal is to raise this figure to $11.5 billion annually by 2030. The two cities will create a total of 400,000 direct and indirect job opportunities, benefiting both local and foreign investments. The cities will also feature specialized facilities for all stages of textile manufacturing, including spinning, weaving, dyeing, and ready-made garments. They will adhere to international sustainability and environmental standards, aiming to improve the global competitiveness of Egyptian products. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
24-02-2025
- Business
- Zawya
Egypt offers 2,172 industrial land plots across 22 governorates
Egypt's Ministry of Industry and Transport has announced the offering of 13.3 million square meters of serviced industrial land through the Egypt Industrial Digital Platform. A total of 2,172 plots, spanning 22 governorates, will be made available to accelerate industrial projects, enhance local manufacturing, and boost exports. Vice Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel El-Wazir, stated that the offering coincides with the launch of the second phase of the Egypt Industrial Digital Platform. This phase introduces three additional online services—building permits, land suitability reports, and industrial registry services—bringing the total to six, along with an integrated online payment system. The land allocation aims to meet the growing demand for industrial investment, with new plots offered every three months to ensure transparency and efficiency. Plots range from 200 square meters to 500,000 square meters, catering to small, medium, and large industrial investors. They are distributed across Cairo, Giza, Menoufeya, Sharqeya, Dakahleya, Beheira, Gharbeya, Kafr El-Sheikh, Port Said, Ismailia, Suez, Fayoum, Beni Suef, Minya, Assiut, Sohag, Qena, Luxor, Aswan, New Valley, Marsa Matrouh, and North Sinai, ensuring balanced geographic development. The offering includes land designated for various industries such as food, pharmaceuticals, engineering, chemicals, building materials, and textiles. Investors can now apply for two land opportunities—one primary and one alternative—increasing their chances of securing plots. Applications must be submitted through the Egypt Industrial Digital Platform, with registration open for one week starting March 1, 2025. Investors can access the 'Land Allocation' section via a newly introduced specialized industrial land map. The plots will be available for either ownership or usufruct, with prices set below market rates and infrastructure costs. The annual usufruct fee is 5% of the freehold price per square meter. Investors who previously applied but were unsuccessful, and have not reclaimed their deposit, will be given priority in this round. To encourage investment, the Industrial Development Authority is offering several incentives, including a 50% reduction in application study fees, full exemption from bid submission fees, the removal of financial guarantees, and a simplified feasibility study requirement. Additionally, the deposit required to reserve a plot has been reduced to 10% of the announced land price. The first phase of the Egypt Industrial Digital Platform was launched in September 2024, providing services such as operational license issuance, annual follow-ups, and industrial land allocation. The second phase builds on this foundation, further streamlining the investment process for industrial developers. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Al-Ahram Weekly
28-01-2025
- Business
- Al-Ahram Weekly
Coca-Cola inaugurates new $31.5 mln production line in Egypt - Markets & Companies
Coca-Cola has officially launched a new production line at its Sadat City factory, backed by a $31.5 million investment. Up to 95 percent of the project's components will be sourced locally, according to a statement released by the Ministry of Industry and Transport on Tuesday. Deputy Prime Minister for Industrial Development Kamel El-Wazir highlighted that the new production line is the fastest and most advanced in the Middle East and one of the most efficient among Coca-Cola Hellenic's global facilities. The line has a maximum output of 120,000 cans per hour and an annual capacity of 172 million litres. El-Wazir said it will significantly boost the company's operations in Egypt. El-Wazir further called on Zoran Bogdanovic, CEO of Coca-Cola Hellenic, to consider expanding the factory's operations with new production lines to increase exports and collaborate with the Egyptian government on training local workers. This call aligns with Egypt's target to raise exports to $145 billion by 2030, he added. He suggested that training programs could be offered at El-Sewedy Academy or even through a dedicated school under Coca-Cola Hellenic to prepare qualified employees for the company's operations in Egypt and globally. Bogdanovic expressed his satisfaction with the new facility, emphasising Egypt's potential as a promising investment destination. He also noted that the Sadat City factory is one of the company's largest, with a strong reliance on solar energy. The factory currently provides 300 job opportunities and receives robust support from the Egyptian government. Additionally, he said that Coca-Cola Hellenic recently launched a digital services centre that exports technological services to 27 international markets, creating an additional 450 jobs. In press statements during the opening event, El-Wazir described the Sadat City factory as a successful industrial model for Egypt. The factory spans 82,000 square meters and has an annual production capacity of 720 million litres. El-Wazir mentioned that while most of the production is aimed at the local market, the company plans to expand exports to Arab countries shortly. He expressed confidence in Egypt's industrial prospects, assuring local and international manufacturers that the Ministry of Industry is committed to supporting struggling factories by offering 15 percent funding for priority industrial sectors to purchase production lines. Founded in 1886, Coca-Cola has evolved into a global beverage giant, serving over 2.2 billion drinks daily in more than 200 countries. Coca-Cola continues to focus on sustainability, innovation, and creating economic opportunities worldwide. Short link:
