Egypt’s Minister of Industry, Khaled Hashem, held an extensive meeting with representatives of Elaraby Group, led by CEO Mohamed El-Araby, to review the company’s current operations, future expansion plans, and the challenges facing its production activities. During the meeting, the group outlined its upcoming projects in New Quesna City, with planned investments of approximately $480m over the next five years. The meeting also addressed the group’s research and development (R&D) activities. These efforts draw on skilled Egyptian talent, reinforcing the link between scientific research and industrial application, and advancing technology transfer and localisation. The initiative aims to deepen local manufacturing, increase value added, and strengthen the competitiveness of Egyptian industry in regional and global markets.

Source: Daily News Egypt March 04, 2026 17:19 UTC