Egypt news:The land of civilization is going so fast towards the future and drawing huge investments. Explore the latest updates!
Watrex Expo
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An eye on the Egypt's huge impressive projects lately started at the last 6 months, this's going to surprise you;?
Sinai
A comprehensive development boom, especially after the President's directives to equip approximately 600 acres for agriculture by the end of this year.
The President confirmed that 600 thousand acres are scheduled to be prepared for agriculture in Sinai by the end of the current year, within the framework of the plan for the development and reconstruction of Sinai
Large development projects were implemented in Sinai against all odds.
New equipment will be launched by the thousands to complete development projects within Sinai.
Egypt's phosphate industry
US $400 Million Egypt Phosphate Signs Contracts for the Construction of Factories for the Production of Animal Feed Supplements, Fertilizers and Chemicals
On Sunday, Egypt's phosphate industry, under the Ministry of Petroleum and Mineral Resources, signed work contracts with the UAE side in Jordan to establish various chemical plants at an estimated cost of $400 million.
The contracts signed by the UAE side are aimed at establishing an industrial complex for feed and chemicals in the Arab Republic of Egypt, with an investment volume of $400 million, the supply of phosphate from phosphate Egypt, and the allocation of land and acquisition of a "Golden Licence." Contracting work is planned to start to establish the plant in July 2023, with the aim of reaching a total capacity of up to half a ton per year for animal feed supplements and potash fertilizers and 1.1 tons per year for chemicals.
Horus 1 satellite
Egypt successfully launches Horus 1 satellite from northwest China launch base
The Egyptian Space Agency successfully launched the Horus 1 satellite from the northwest China launch base, carrying a high-quality camera "to achieve sustainable development requirements."
Horus 1 will monitor all water sources with high accuracy, and many national projects will be followed up and their implementation stages and constraints monitored.
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Horus 1 could monitor many natural disasters, such as desertification.
New Investments
Net FDI increased by 94% in the first quarter of fiscal 2022–2023 to $3.3 billion, compared with figures in the corresponding quarter of the previous fiscal year.
According to the balance of payments performance statement for the first quarter of the current fiscal year 2022–2023, FDI in Egypt rose from $1.7 billion last year.
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International Sales Manager at ResinTech
2 年if projects need purified water, my company is able to assist and we have local Egyptian partner