AGP Executive Report

Mobile Manufacturing: Egypt has waived the 5% fee on locally sold phones made in economic and private investment zones, conditional on new investment and higher output. Fifteen brands now produce about 10.5 million handsets a year, with a target of up to 15 million. Mining: A crackdown on illegal gold extraction has led to 691 arrests and seizures of weapons, vehicles and mining equipment; two officers were killed. The campaign’s next phase starts November 7. Investment: Egypt and the US have signed a five-year, $625 million framework for cooperation in energy, AI and infrastructure, with $125 million committed initially to bring US companies into these sectors. Trade and Logistics: Suez Canal revenue rose 94% year on year to $724 million in October as shipping traffic rebounded. Industrial Development: The Suez Canal Economic Zone is discussing infrastructure financing with China Development Bank, while Dangote is exploring a major industrial expansion in Egypt, with a reported $15 billion investment plan. Agriculture: Egypt’s grape exports are forecast to rise 3% to 225,000 tonnes in 2026/27, supported by new varieties and improved logistics.

Suez Canal: Revenues rose 94% year on year to $724 million in October, as ship traffic continued to recover and shipping lines returned to the route. US-Egypt Investment: Cairo and Washington signed a $125 million economic cooperation agreement covering opportunities in agriculture, innovation, higher education and health, including expanded openings for US firms in Egypt. Agriculture: Egypt and IFAD secured $65.3 million to modernize irrigation and strengthen climate resilience, with the main project expected to reach 90,000 rural households. Industrial Energy: Construction has begun on a solar plant for Egyptalum, part of a wider push to supply factories with renewable power. Automotive Manufacturing: A $150 million electric-car plant backed by Mohamed Mansour is slated to open in 2027, as Egypt targets annual production of 100,000 EVs by 2032.

Oil and Gas: Egypt is expanding hydraulic fracturing and horizontal drilling to revive wells and lift output; a Western Desert project aims to quadruple one well’s gas production to 12 million cubic feet a day. US Cooperation: Cairo and Washington signed a $125 million agreement supporting private-sector growth and cooperation in energy, water, infrastructure and technology. Electric Vehicles: Egypt is targeting annual production of 100,000 EVs by 2032, with Mohamed Mansour’s $150 million plant in 6th of October City due to open in 2027. Industrial Energy: Construction has begun on a solar power plant for Egyptalum, part of a wider push to bring solar power to thousands of factories. Manufacturing and Trade: Egypt has invited Pakistani firms to establish manufacturing operations and use its trade arrangements to reach the US market; Cairo and Ankara are also targeting $15 billion in bilateral trade by 2028.

Electric Vehicles: Egypt is targeting annual production of 100,000 electric vehicles by 2032, while Mohamed Mansour’s $150 million plant in 6th of October City is due to open in 2027. Industrial Investment: Dangote is exploring a major expansion in Egypt, with reports putting potential investment at $15 billion; President Abdel Fattah Al-Sisi also called for turning the Arab Organization for Industrialization into a platform for local manufacturing, technology transfer and exports. Energy for Industry: Egypt plans 1,000 MW of solar capacity to power factories, while a $66 million African Development Bank deal will support solar power for the aluminium industry. Exports: Chemical and fertiliser exports rose 34% to $9.54 billion in the first nine months of 2026. Trade and Technology: Egypt is pursuing port links with Slovenia to improve access to European and African markets, and has launched programmes to turn university research into industrial applications and startups.

Industrial Investment: Aliko Dangote is exploring a major expansion in Egypt, with refining and fertilizer partnerships among the opportunities under discussion; reports put the potential investment at up to $15 billion. Energy Costs: Egypt’s LNG bill has reportedly doubled amid regional conflict and falling domestic gas output, sharpening pressure to secure reliable supplies. Manufacturing: Samsung is in talks on local production of ultrasound and mobile X-ray devices, while Mansour Group is targeting completion of its electric-vehicle plant in 6th of October City in early 2027. Clean Power: Scatec has secured $217 million for the first phase of a solar-and-battery project that will supply Egypt Aluminum under a long-term power deal. Agriculture: Egypt is targeting East and West African markets to grow fresh-produce exports, as sweet potato production and medicinal-plant shipments offer further export momentum.

Industrial Power: Egypt’s Supreme Energy Council reviewed electricity, gas and water needs for 11 new industrial projects, including food, steel, tyre and ceramics plants, and capacity upgrades for existing factories. Local Manufacturing: Samsung is discussing Egyptian production of ultrasound and mobile X-ray devices, while Mansour Group targets completion of its electric-vehicle plant in 6th of October City by early 2027. Investment: Aliko Dangote is exploring a $15bn expansion in Egypt, including potential partnerships in refining and fertiliser production. Energy Transition: Egypt plans to bring solar power to 7,000 factories; a separate $66m AfDB-backed project will supply solar energy to the aluminium industry. Agriculture: Egypt and IFAD signed €58.2m in financing to strengthen water security and climate-resilient farming. Gas: Chevron reported positive results at the Nargis-2 well and is continuing appraisal work as it considers expanding exploration in the Eastern Mediterranean.

Industrial Expansion: Dangote is exploring an Egyptian expansion that could reach $15 billion, with talks covering refining, fertiliser and other industrial partnerships. Clean Energy: The African Development Bank signed $66 million in financing for the first phase of a 500MW solar project with battery storage to supply EgyptAlum; operations are expected in 2028. Egypt is also planning solar power for 7,000 factories. Water & Agriculture: Egypt and IFAD signed agreements including $64.85 million for farm water management and climate resilience, plus a grant to strengthen agricultural expertise. Manufacturing & Exports: Chemical and fertiliser exports climbed 33.6% to $9.54 billion in the first nine months of 2026. El Nasr has begun MAGE electric-car production with 45% local content. Gas Infrastructure: Petrojet secured a $170 million pipeline contract for a route linking Egypt and Cyprus.

Industrial Investment: Aliko Dangote is weighing up to $15 billion in Egyptian investments after hosting an Egyptian delegation at his Lagos refinery and fertilizer complex to explore industrial partnerships. Transport & Energy: Egypt is accelerating work on a 341km Sinai railway linking Bir al-Abd, Arish and Taba, while Petrojet secured a $170 million gas pipeline contract for the Cyprus–Egypt export route. Factory Decarbonisation: A plan to install 1,000MW of solar capacity aims to power 7,000 factories; El Nasr has also begun producing MAGE electric vehicles with 45% local content. Manufacturing Exports: Chemical and fertilizer exports rose 33.6% to $9.54 billion in the first nine months of 2026. Business Support: Egypt signed a $1 billion World Bank deal as regional conflict adds pressure to the economy.

Industrial Energy: Egypt plans 1,000MW of solar power for 7,000 factories, aiming to cut energy costs and emissions while encouraging local production of solar components. Manufacturing: El Nasr has begun producing electric vehicles with 45% local content, while chemical and fertiliser exports rose 33.6% to $9.54 billion in the first nine months of 2026. Corporate Deals: Orascom Construction expects to complete its merger with OCI Global in December, creating an Abu Dhabi-based infrastructure and investment group, subject to approvals. Oil and Gas: Petrojet secured a $170 million gas-pipeline project, and Egypt extended deadlines for its oil and gas licensing round. Power Grid: Egypt and Germany discussed a €67.5 million partnership to modernise the electricity network. Fuel Oversight: A new digital tracking system aims to tighten fuel distribution and curb smuggling.

Industrial Energy: Egypt plans 1,000MW of solar capacity to supply about 7,000 factories, helping cut electricity costs and support local solar manufacturing. Exports: Chemical and fertiliser exports climbed 34% to $9.54bn in the first nine months of 2026, with fertilisers the largest product group. Smart Manufacturing: Industry Minister Khaled Hashem reviewed AOI’s digital manufacturing centre, which uses advanced equipment to produce precision components and spare parts locally. Resource Processing: Egypt is exploring local production of purified phosphoric acid from phosphate waste, potassium extraction and new desalination technologies. Electric Mobility: NASCO targets 3,000 locally produced electric cars in its first year. Trade Infrastructure: Egypt is accelerating development of eight international logistics corridors, while streamlined industrial building permits took effect on November 1.

Fuel Market: Egypt kept gasoline and diesel prices unchanged, while a new digital monitoring system aims to tighten fuel distribution and curb illegal practices. Industrial Permits: The Industrial Development Authority is streamlining building-permit procedures from November 1, easing a key step for manufacturers. Energy Finance: The Africa Energy Bank has formally launched with $5 billion in capital; Egyptian Helmy Ghazi will lead the institution, which plans to finance projects across the energy value chain. Trade and Investment: Egypt and Morocco are pursuing closer cooperation in ports, industry and logistics, while Egyptian and Bahraini officials discussed joint investment in infrastructure, logistics and energy. Manufacturing and Exports: Shell Lubricants will supply fluids for BYD vehicles assembled in Egypt, and the country’s medicinal and aromatic plant exports reached $852 million in 2025.

Fuel Distribution: Egypt is launching a digital monitoring system, piloted in Port Said from November 1, to track fuel deliveries through electronic vehicle stickers and curb diversion and smuggling. Industrial Permits: The Industrial Development Authority is streamlining building-permit reviews for factories from November 1, aiming to cut duplication and speed approvals. African Energy Finance: Afreximbank and APPO have formally established a $5bn Africa Energy Bank; Egyptian banker Helmy Ghazi was named its first president. Agriculture Exports: Medicinal and aromatic plant exports reached $852m in 2025. The government wants more investment in drying, extraction and other processing to capture greater value locally. Automotive: Shell Lubricants Egypt will supply specialised fluids for BYD vehicles, including new-energy models, under a deal with the automaker’s authorised distributor. Monetary Policy: The Central Bank of Egypt raised key rates by one percentage point, saying the move is intended to anchor inflation expectations and keep inflation on track for its 2027 target.

Industrial Policy: Egypt’s Industrial Strategy 2030 targets more local manufacturing and stronger links to global supply chains, while Egypt and Morocco discuss cooperation in ports, industrial zones and logistics. Energy & Investment: Egypt and Hungary will explore gas transport and LNG infrastructure cooperation; Egypt is also discussing expansion plans with Italian industrial group Mapei. Infrastructure: Sixteen coastal protection projects worth nearly EGP 5.6 billion aim to shield Alexandria from erosion, flooding and rising seas. Business Climate: The central bank raised interest rates by 1 percentage point, its first increase since March 2024. Egyptian Contractors Abroad: Uganda awarded Egyptian firm SAMCO a Shs232 billion contract to build Kabalega Airport’s passenger terminal ahead of AFCON 2027.

Digital Investment: Raya Ventures, Raya Holding’s new investment arm, has backed UK enterprise-AI company Pidima in its first deal, targeting technologies with potential across Egypt and the wider region. Monetary Policy: The Central Bank of Egypt raised interest rates by one percentage point amid currency pressure, tightening borrowing conditions for businesses and households. Clean Energy: Lenders committed financing for Scatec’s $650 million solar-and-storage project serving Egypt Aluminium, while Infinity Power began construction of its Nefer Minya project. Gas and Exports: Eni awarded $1.8 billion in contracts to develop Cyprus’s Cronos field, with gas planned for processing at Egypt’s Damietta LNG facility before export to Europe—reinforcing Egypt’s role as a regional gas hub. Industry Skills: Egypt’s National Telecommunications Institute won two awards at Huawei’s Career Forum; its partnership has trained 2,000 trainers and supports academies at more than 190 Egyptian universities.

Industrial Power: The EIB offered up to $90 million for the first phase of the 569-MWp Dandara solar-and-storage project in Qena, which will supply EgyptAlum under a long-term power deal. Energy Partnerships: Russia says it is discussing a seed-processing plant in Egypt that could serve local farmers and African markets; Rosatom is also in talks with Egypt on floating nuclear plants. Water & Food Production: Egypt launched an alliance to turn desalination research into renewable-powered agriculture projects, with a focus on lower costs and scalable investment. Logistics: Cairo-based startup Turuq Innovations secured seed funding to expand its fulfilment network for online merchants. Business Climate: Egypt raised interest rates for the first time since 2024.

Clean Energy: Scatec secured a $217 million financing package for a solar-and-storage project supplying Egypt Aluminium, while a separate 1 GW Qena solar project advanced with $650 million in financing terms signed. Economic Outlook: The IMF is targeting a December deal to complete Egypt’s final programme review, potentially unlocking about $2.3 billion. Energy and Water: PMS installed two offshore production platforms at the Kamose gas field; Egypt also discussed an integrated desalination project with Rosatom and awarded operations contracts for 11 desalination plants. Industry and Investment: Egypt and the World Bank launched a mining-sector partnership aimed at lifting mining’s contribution to GDP, as the government seeks to attract investment and boost exports. Green Startups: Solar-irrigation company NoorNation raised $1.05 million, adding to a growing pipeline of local climate-tech investment.