World

Singapore helps Egypt set up first industrial city

Egypt and Singapore on September 19 signed a memorandum of understanding (MoU) to establish Egypt’s first industrial city in Fayoum governorate.
Singapore helps Egypt set up first industrial city ảnh 1Egypt’s Minister of Trade and Industry Tarek Kabil (Source: Egypttoday)

Cairo (VNA) – Egypt andSingapore on September 19 signed a memorandum of understanding (MoU) toestablish Egypt’s first industrial city in Fayoum governorate.

The project is a large technological valleyand an integrated city on an area of 33 million square metres with all thebasic services necessary for living, said Egypt’s Minister of Trade andIndustry Tarek Kabil.

The project will act as a leap forward for theindustrial sector in Egypt as the city will include several industries frommedicines, chemicals and textiles to automobiles, he said, adding that thestudying phase of the project will take up to eight months, and itsimplementation will start in a year.

The MoU was signed with the Singapore HoldingCompany on the sidelines of the Euromoney Egypt Conference in Cairo, Egypt.

The project will be jointly implemented by theIndustrial Development Authority (IDA), which is responsible for the designatedland area, while Singapore will be in charge of managing the project.

The two-day Euromoney conference discussedEgypt’s growth opportunities and investment potential, gathering about 800international and Egyptian businesses.

In the last fiscal year that ends in June,2017, Egypt lured 7.9 billion USD in foreign direct investment (FDI). Thefigure is expected to reach 10 billion USD in the next fiscal year.-VNA  
VNA
#Egypt - Singapore #industrial city #Vietnamplus #Vietnam News #Vietnam News Agency Egypt Singapore
Follow VietnamPlus

Related News

Singapore to establish cyber security academy

Singapore to establish cyber security academy

Singapore will set up a new academy to train cyber-security staff to serve the strategy on building a smart nation as well as counter increasingly sophisticated cyber threats, said an senior official.

See more

Malaysian Anti-Corruption Commission Chief Commissioner Tan Sri Azam Baki (Photo: Malaymail.com)

Malaysia’s anti-corruption commission seizes over 65 million USD

In the first quarter of this year, the Malaysian Anti-Corruption Commission (MACC) recorded the largest asset seizure value of 177 million RM involving cash and gold bars related to the investigation against former prime minister Datuk Seri Ismail Sabri Yaakob, Azam noted.

Prime Minister Datuk Seri Anwar Ibrahim greets congregants during Friday prayers at Masjid Ar-Rashid in Taman Koperasi Perpaduan, Tambun. (Photo: Bernama)

Malaysia prioritises digital, AI education

Malaysian Prime Minister Anwar Ibrahim has underscored the critical role of digital technology and artificial intelligence (AI) in shaping the nation's future, emphasising the necessity for students to acquire proficiency in these fields from an early stage.

Representatives of Thai Binh Global at the event (Photo: VNA)

Cuban recognises outstanding contribution of Vietnamese enterprises

Thai Binh Global (wholly Vietnamese-owned) and Suchel TBV joint venture have been awarded the title of national pioneer unit by the Cuban national industrial federation (SNTI) in recognition of their outstanding contributions to production, trade union activities and social responsibility.

File photo shows Mount Lewotobi Laki-Laki spewing volcanic material in East Flores, East Nusa Tenggara province, Indonesia in March 2025 (Photo: Xinhua).

Indonesia's Mt. Lewotobi erupts

The eruption sent a column of ash up to 3,500m into the sky, with thick grey-to-black clouds drifting westward and northwestward from the crater.

(Photo: https://en.antaranews.com/)

Indonesia to attend BRICS Foreign Ministers’ Meeting

According to the Indonesian Ministry of Foreign Affairs, the upcoming meeting will spotlight a range of global and regional issues, particularly politics and security, global governance reform, and the role of developing countries (the Global South) in promoting multilateralism.

Deputy Prime Minister and Minister of Finance Pichai Chunhavajira (Photo: www.nationthailand.com)

Thailand plans to inject 500 billion THB into economy

This comes after the International Monetary Fund (IMF) revised Thailand’s 2025 GDP growth forecast downward from 2.9% to 1.8%, citing the impact of US reciprocal tariffs. Thailand remains the only ASEAN country whose GDP projection has been cut to below 2%. For 2026, the IMF anticipates a further decline to 1.6%.

Prensa Latina article reports on Tran Van Thanh's journey. (Photo: VNA)

Latin American media reports on Vietnamese veteran’s inspiring journey

76-year-old Vietnamese veteran Tran Van Thanh's journey is not just a personal story, but has also become a living symbol of the connection between the glorious past and the present, a testament to the deep patriotism and immortal spirit of the Vietnamese people. This story has deeply moved and inspired Latin American readers, evoking admiration and respect.

Foreign tourists in Thailand. (Photo: seasia.co)

Thailand’s tourism sees impressive growth in the high season of early 2025

Although there was a temporary decline in tourist numbers following the Songkran holiday in mid-April, the ministry anticipates a rebound, supported by additional flights from Thai Airways, ongoing tourism and sports promotions, and government initiatives designating 2025 as Thailand's "Year of Tourism and Sports".