Amr Daif’s Post

Egypt offers 43 new, ready-to-operate factories at Robbiki Leather City to investors Prime Minister Mostafa Madbouly inaugurated on Monday the first phase of ready-to-operate leather product factories at Robbiki Leather City — 43 factories available for investors to run immediately for the production of export goods. During his visit to Robbiki City, Madbouly announced that 100 factories are now ready in the project's third phase to manufacture leather goods, enhancing Egypt’s export capabilities in this sector. He described the city as a "civilizational leap in the leather industry and related products." The prime minister emphasized that Egypt's leather export capacity is expected to exceed one billion dollars annually through this large-scale project, a significant increase from the tens of millions of dollars in the past. He explained that the project spans 500 acres and is being developed in several stages. The first stage involved the establishment of tanneries, including more than 195 facilities, which were relocated from the Sur Magri Al-Ayon area. During his tour in the city, Madbouly oversaw the delivery of the first batch of contracts to regularize the status of businesses that have already moved to the area. Furthermore, he noted that the project's second stage includes establishing factories for producing adhesives, gelatin, and other crucial products for the leather industry. PM Madbouly pointed out that, historically, this industry in Egypt has primarily focused on processing leather and exporting it in its raw form. However, he clarified that the new vision aims to integrate leather manufacturing with the production of finished goods, boosting Egypt's competitiveness on the global stage. The project's third phase will focus on setting up factories to manufacture finished leather products, including leather garments, shoes, and other related items. Robbiki City, established in 2020, was created to strengthen Egypt's industrial landscape, focusing on the leather industry. The city provides cutting-edge infrastructure and facilities that support manufacturers, optimize production processes, and foster growth.

Railway connecting Egypt’s Abu Simbel to Sudan’s Wadi Halfa to be established Plans have been set to establish a railway line connecting Abu Simbel high-speed electric train station to Wadi Halfa in Sudan, Minister of Industry and Transport Kamel El-Wazir said Tuesday. Egypt is connected to Sudan through three land transport axes, the first axis Toshka-Arqin lies west of the Nile River over 100 kilometers, Qastal-Wadi Halfa east of the Nile stretches over of 35 kilometers, and the third axis on the Red Sea coast extends from Halayeb Port to Port Sudan spanning 280 kilometers. The Minister added that in addition to three land ports on the Egyptian-Sudanese border, namely Qastal, Arqin, and Ras Hadarba, there is a plan to establish logistics zones in Qastal and Arqin to serve trade exchange between the two countries. Another navigational route from Aswan in Egypt to Wadi Halfa in Sudan via Lake Nasser is also planned to be put to use as the Egyptian Ministry of Transport is establishing a new river dock at Wadi Halfa Port in Sudan.

Shalateen Mineral Resources to boost gold deliveries to CBE by 25% in 2025 Egypt - Shalateen Mineral Resources is planning to increase its gold deliveries to the Central Bank of Egypt (CBE) by about 25% year on year (YoY) in 2025, an unnamed government official told Asharq Business. The company aims to deliver 1.25 tons of gold with a purity of 99.9% to the CBE by the end of next year, an increase from the targeted one ton by the end of 2024. Established on 2012, Shalateen Mineral Resources is an Egyptian joint-stock company, in which the Egyptian Mineral Resources Authority (EMRA) owns a 35% stake, with the National Service Projects Agency of the Egyptian Ministry of Defense and the National Investment Bank (NIB) holding 34% and 24% stakes, respectively.

Egypt's agricultural waste is recycled Through specialized companies

The recent videos of the presidential palace in Egypt’s New Administrative Capital has sparked significant controversy. Reports indicate that the palace spans approximately 50,000 square meters—ten times the size of the White House—and has an estimated construction cost of around $3 billion, excluding furnishings. This massive expenditure comes at a time when Egypt is struggling with severe economic challenges. Under President al-Sisi’s administration, the country’s external debt has surged from nearly $40 billion in 2012 to approximately $165 billion by June 2023. This escalation has placed immense pressure on the national economy, contributing to a financial crisis characterized by a government debt-to-GDP ratio of 89% in the fiscal year 2023/2024. The allocation of substantial funds to such expensive projects raises critical questions about the government’s spending priorities. With a significant portion of the population living near or below the poverty line, there is an urgent need for investment in essential services such as food security, education, and healthcare. Instead, resources are being diverted to grand constructions that offer little immediate benefit to the average citizen.

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