Arab Finance: The National Initiative for Developing Egyptian Industry (Ebda) will invest EGP 17 billion in eight industrial projects under the Nile Fund for Industrial Development, Ebda’s CEO Amany Eid announced during the 2024 International Manufacturing Convention and Exhibition.

This investment cost accounts for about 18% of total injected investments into the Egyptian industrial sector over the last three years, Eid added.

She also highlighted that more than 3,000 workers in these projects are direct labor force.

The local component in the engineering projects range between 30% and 40%, while it exceeds 95% in the chemicals sector, Eid noted.

The selected projects are part of the initiative’s broader strategy to boost industrial growth in Egypt, with a focus on enhancing the country’s manufacturing sector and creating economic opportunities.

MOPCO to complete green hydrogen production project by 2027 Updated 11/26/2024 9:42:00 AM

Egypt launches Aswan Camp Series to foster innovation, entrepreneurship in Upper Egypt Updated 11/20/2024 8:39:00 AM

ACUD offers new payment, expansion facilities for developers Updated 11/13/2024 10:47:00 AM

Egypt sets tariffs for solar energy storage Updated 11/11/2024 8:30:00 AM

Egypt, Djibouti pen MoU for port, transport, energy infrastructure developments Updated 11/10/2024 4:04:00 AM