Category: Egypt

Rabbit Mobility Raises $1.3 Million: A New Breath for Green Mobility in Egypt

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Rabbit Mobility, a pioneer in micromobility in Egypt, has just completed a $1.3 million funding round led by venture capital firm 500 Global and Untapped Global, a specialist in smart asset financing. This major fundraising will enable the company to accelerate its mission: to offer Egyptians sustainable, efficient, and accessible transportation alternatives. With over 1 million trips completed and 450,000 users, Rabbit Mobility has already demonstrated its great potential. This new funding will enable the company to: Expand its offer: By tripling its fleet, Rabbit Mobility will be able to…

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AJet expands network with new routes to Saudi Arabia and Egypt, connecting key destinations

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As part of its rapid growth following the 2024 summer season, AJet launched new routes to four cities in Saudi Arabia and two popular Egyptian destinations, offering affordable and efficient travel options across 95 destinations AJet (www.AJet.com), Türkiye’s fast-growing airline, has announced the launch of new routes to Saudi Arabia and Egypt, continuing its network expansion. Beginning October 1, 2024, AJet offers flights from Istanbul’s Sabiha Gökçen Airport to Jeddah, Riyadh, Medina, and Dammam in Saudi Arabia, as well as flights to the Egyptian resort cities of Sharm El-Sheikh and Hurghada. In contrast to its parent Turkish Airlines, AJet focuses on…

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Dubai’s Hala E-hailing App Makes First Move into Africa with Egyptian Expansion

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Dubai-based ride-hailing service Hala is setting its sights on new horizons, announcing its first international expansion into Egypt. Through a strategic partnership with MwaslaTech, a local provider of smart transport solutions, Hala plans to bring its innovative e-hailing platform to Egyptian customers. This agreement marks a significant milestone for Hala, signifying its ambition to grow beyond the United Arab Emirates. The company aims to leverage its success in the UAE to capture a share of Egypt’s rapidly growing ride-hailing market. According to industry estimates, the Egyptian ride-hailing market is projected…

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Egypt : SCZONE is laying the cornerstone for the Indian factory Flex in Sokhna

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Mr. Waleid Gamal El-Dien, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), witnessed this morning the unveiling of the cornerstone for the Indian Flex-Egypt factory project, which specializes in the production of polyethylene (PET), in the industrial zone in Sokhna within the scope of the industrial developer Orascom for Industrial parks. The project investments are amounting to $110 million in an area of 250,000 square meters with a production capacity of 30,000 tons per month. It will be implemented in two phases over the next two…

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SCZONE signs a framework business agreement with Suez Canal Container Terminal Company

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New incentives for SCCT to attract more shipping lines to East Port Said port Mr. Waleid Gamal Eldien, MSc, Chairman of (SCZONE), signed a framework business agreement with Mr. Steven Yoogalingam, Chairman of the Board of Directors of the Suez Canal Container Terminal Company (SCCT), to implement new incentives related to the activity of SCCT inside East Port Said Port, and to implement SCZONE’s strategy that aims to attract more investments in the port and enhance trading processes, which achieves the common interest for both parties… read more on maritimafrica

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AD Ports Group signs a 30-year Concession Agreement to Develop and Operate Safaga Port in Egypt

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Two 15-year agreements, a Memorandum of Understanding and three Head of Terms – were also signed with Egyptian authorities for multi-purpose, RoRo and cruise terminals, as well as logistics services across key Red Sea and Mediterranean ports. AD Ports Group, the leading facilitator of global trade, logistics, and industry, has recently announced the signing of a concession agreement to develop and operate a multi-purpose port in Safaga in Egypt, in addition to signing of two 15-year agreements, a  Memorandum of Understanding (MoU) and three Head of Terms (HoT) concerning ports…

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Egypt: opening of a bus assembly plant co-built by two Chinese and Saudi companies

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A new bus assembly plant, co-built by two companies, Chinese and Saudi, has started production in Egypt’s new city of Suez, and the first buses produced by this plant are expected to roll off the assembly lines soon. Speaking at a delayed inauguration ceremony held in the city on Tuesday, Hamed Al Mutabagani, chairman of the Saudi company ATM Misr, said the plant was designed with an annual production capacity of 500 buses. The plant covers an area of 164,000 square meters and is equipped with advanced assembly lines, warehousing,…

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French Group (NGE) will build 330 km of high-speed line in Egypt.

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NGE’s rail expertise subsidiary, TSO, will be in charge of laying 330 km of track in Egypt, beating its own record set in France in 2017 with the laying of 320 km on the South East Atlantic line This rail project in Egypt will connect 60 cities across the country, increase freight traffic and provide approximately 500 million trips annually. NGE will provide its expertise and human and material resources to local companies Orascom and Arab Contractors. “Work will begin in early 2023 and will require the mobilization of 500…

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Egypt : Webb Fontaine rolls out Integrated Risk Management System

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This new development will pave the way for the efficient digitalization of Customs procedures across the country Webb Fontaine, one of the leading providers of AI-powered trade technology and Customs facilitation solutions to governments and trade administrations around the world, has launched the advanced Integrated Risk Management (IRM) service in Egypt in partnership with Misr Technology Services (MTS) representing the government of Egypt.     This new development will pave the way for the efficient digitalization of Customs procedures across the country. In Egypt, after the successful implementation of the…

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