🇪🇬EgyptNorth Africa
Prime Minister Madbouly inspects SCZone, inaugurates $182.5 million in new industrial facilities
via Egypt Today2 min read
Prime Minister Mostafa Madbouly commenced an inspection tour of the Integrated Sokhna Industrial Zone, a component of the Suez Canal Economic Zone SCZone, to inaugurate nine new industrial facilities. These projects represent a total investment of $182.5 million and span various strategic manufacturing sectors, including engineering and metal industries, pharmaceutical production, textiles, glass manufacturing, chemicals and polyurethane, packaging, and recycling industries. Madbouly emphasized the government's commitment to bolstering local manufacturing and industrial localization through collaboration with the private sector, which he identified as crucial for economic growth. He highlighted that authorities are prioritizing policies to stimulate local investment and attract additional foreign and Arab capital into the industrial sector, aligning with Egypt's goal of becoming a regional manufacturing hub. Madbouly also noted that recent government initiatives aim to foster a more competitive and investor-friendly business environment, promoting the establishment of new production facilities across the country's industrial zones, particularly within the Suez Canal Economic Zone. He stated that the swift expansion of industrial activity in the SCZone indicates increasing confidence among both domestic and international investors in Egypt’s economic prospects and reflects the government's progress in developing a fully integrated ecosystem that connects manufacturing, trade,
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This summary was AI-generated from a story originally published by Egypt Today.
The Egyptian Ministry of Higher Education and Scientific Research announced an investment of LE 25.6 billion to develop higher education in the Sinai Peninsula and Canal cities, coinciding with the 44th anniversary of the Sinai Liberation. Minister of Higher Education and Scientific Research, Abdel Aziz Qanswa, stated that these projects are part of President Abdel Fattah El-Sisi’s vision for national development, aiming to create specialized academic hubs that meet global labor market demands and support sustainable development. Key projects include King Salman International University, with three campuses and an investment of LE 10.5 billion, offering dual-degree programs. Arish University is undergoing upgrades worth LE 1.7 billion, while the Suez University Abu Rudeis Branch, the first public university branch in South Sinai, was established at a cost of LE 3.5 billion. New National Universities, East Port Said National University and New Ismailia National University, represent investments of LE 4.6 billion and LE 4.5 billion respectively. Additionally, East Port Said Technological University, an industrial-support hub built for LE 808 million, is set to graduate its first cohort this academic year. Ministry spokesperson Adel Abdel Ghaffar highlighted that the diverse range of institutions aims to foster academic collaboration and prepare a skilled workforce. University leaders reported high student enrollment, indicating public trust in the quality of education and the s
Egypt's Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty and Dutch Foreign Minister Tom Berendsen held a phone call to discuss bilateral relations and regional developments. Berendsen praised the growing momentum in relations between Egypt and the Netherlands, referencing a recent call between President Abdel Fattah El Sisi and Dutch Prime Minister Rob Jetten. Abdelatty expressed Egypt's interest in enhancing economic ties and boosting Dutch investments, particularly in new economic zones and national projects. He also hoped for increased cooperation on migration and water management, acknowledging the Netherlands' support for Egypt within the EU. The ministers addressed regional updates, including efforts to advance diplomatic tracks between the US and Iran, the Palestinian issue, the situation in Lebanon, and developments in Sudan. Abdelatty reaffirmed Egypt’s support for the negotiation process between the US and Iran, stressed the importance of completing the second phase of US President Donald Trump’s plan for Gaza, and reiterated Egypt’s support for Lebanon’s sovereignty and Sudan’s unity. Berendsen commended Egypt’s role in supporting regional stability and its efforts to de-escalate current tensions. Both ministers agreed to continue coordination and consultations on relevant developments to support regional security and stability.
Egypt and France recently held high-level talks in Cairo to discuss strengthening economic cooperation and addressing the impact of geopolitical tensions on global and regional economies. Ahmed Rostom, Minister of Planning and Economic Development, affirmed Egypt's commitment to fiscal discipline and structural reforms to enhance macroeconomic stability. He highlighted efforts to secure energy supplies, expand strategic reserves, and diversify energy sources, including increased reliance on renewables and exploration. Rostom also mentioned the development of innovative financing mechanisms for infrastructure projects to attract private sector participation. The discussions, which included a French delegation led by Paul Teboul, Assistant Minister of the French Treasury, and French Ambassador to Cairo Eric Chevallier, covered the impact of geopolitical tensions, rising energy costs, and opportunities to deepen economic ties under Egypt’s Vision 2030. Rostom noted Egypt's economy grew by 5.3 percent in the first half of the fiscal year, attributing this resilience to ongoing reforms. The French delegation praised Egypt's policy response to global shocks and expressed readiness to support expanded financial cooperation and investment, particularly in infrastructure and priority development sectors.
The Egyptian Red Crescent ERC announced on Thursday that it has received the 37th group of wounded and ill Palestinians from Gaza via the Rafah border crossing. Concurrently, the ERC dispatched a new humanitarian aid convoy, the 181st "Zad Al-Izzah – From Egypt to Gaza" convoy, carrying over 5,480 tons of supplies to the enclave. This shipment included more than 2,610 tons of food and flour, approximately 1,365 tons of medical, relief, and personal care items, and over 1,505 tons of fuel for hospitals and essential facilities. The convoy also delivered tents, clothing, blankets, and tarpaulins for displaced individuals. The ERC continues to provide humanitarian services at Rafah, assisting patients and their companions with hot meals, clothing, personal care items, and return kits. The total humanitarian aid delivered by the ERC to Gaza has now surpassed 900,000 tons, supported by over 65,000 volunteers.