Egypt

Egypt: SCZone to see $487mln new Chinese investments

Several Chinese companies are planning to make new investments of a total of $487 million into China-Egypt TEDA Suez Economic and Trade Cooperation Zone in Ain Sokhna, the Suez Canal Economic Zone (SCZone) stated on May 27th.

Abu Qir launches a new company with EGP10 billion investments

Abu Qir Fertilizers established a new company named North Abu Qir for Agricultural Nutrients, with an authorized capital of LE 10 billion and paid-up capital of LE 1 billion.

Egypt: Abo Qir unveils new venture at $323mln authorised capital

Both Abu Qir Fertilizers and Egyptian General Petroleum Corporation will hold a 45% stake in the venture

Egypt Gas posts 23.6% YoY growth in Q1 net profits

Established in 1983, the company is engaged in the design, installation, operation, and maintenance of natural gas distribution networks

ADNOC, ENOC and Petromin named in bid for Wataniya

Wataniya and the National Company for Natural Water Bottling, known as Safi are on offer

Petroleum Ministry says US “Apache” enhance investments in Egypt

Apache has plans to increase its investments in Egypt in light of new exploration opportunities in the Western Desert.

Egypt, Norway sign agreement for new $450 mln green methanol production project

Egypt signed on Sunday a joint development agreement with Norway Scatec to establish the country first green methanol production project in Damietta Port with investments worth around $450 million

3.5Bln for Natural Gas Deliveries in Egypt This Year

The Ministry of Finance announced that EGP 3.5 billion will be allocated to cover the costs of delivering natural gas to Egyptian households in its FY 2023/24 budget.