What is happening in the foreign investments file, what is the story of the recent projects and deals of foreign companies in the Egyptian market, and I wonder what the size of these investments is and their benefit to the economy.. We will find out all of this in the next report. Stay with us until the end.
As we said, investment is the future for any economy because direct foreign money is for those who operate projects in all fields according to timetables because their purpose is to gain, but at the same time it provides job opportunities for millions of young people and pumps huge sums of money, in dollars of course, into the Egyptian exchange market.
In recent days, we have seen dozens of deals announced by the government for international companies in Egypt, especially in the fields of manufacturing, renewable and clean energy, agriculture, tourism, and others.
What’s new in the investment file today?
The truth is that within the past 24 hours, the government announced more than one foreign direct investment. The beginning was with a meeting held by Dr. Mostafa Madbouly with Jordi Villa, President of Nissan Africa, who represents Nissan International, to review Nissan’s future plans in the Egyptian market, including the manufacture of a third model for the company. The Japanese giant invested $45 million, and its contract was signed today in the presence of Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade and Japanese Ambassador to Egypt.
The second deal was the approval of the Council of Ministers to consider the project of the Future Vert Company for the manufacture of fertilizers and chemicals as a strategic project, and to grant it a single approval, the “golden license.”
The project aims to establish and operate a factory for the production of potassium fertilizers, the manufacture of phosphate fertilizers, the manufacture of inorganic acids, and the manufacture of compound fertilizers in the special economic zone in the northwestern Gulf of Suez, at an investment cost of about 40 million dollars. The first phase will begin operating in January 2026, with a target of exporting 70 percent of the production. .
There is also another project for the same company in the Special Economic Zone, and actual production will begin in 2018. It specializes in producing complex fertilizer, with a capacity of 50 thousand tons annually, and has achieved an export rate of 99% of production, with a value exceeding 20 million dollars in 2023.
The third project today was granting the golden license to the Obelisk Solar Energy Company project under the internal investment system. The project will aim to establish a station to produce electricity from solar energy with a capacity of 1000 megawatts, to sell it to the Egyptian Electricity Transmission Company in the Nag Hammadi area in Qena Governorate, with a usufruct system.
The investment cost of the project amounts to about $600 million, and the commercial operation of the first phase is scheduled for February 2026, followed by the commercial operation of the second phase in August 2026.
The last deal with us today was with the Chinese New Hope Company, which is a leading company in the agricultural field and renewable energy..
The Chinese company intends to operate a feed factory complex project in Egypt with an investment value of 100 million dollars, meaning about 5 billion pounds.
