2023-09-13 16:27:00
(Ecofin Agency) – The industrial site will be built by a local public company in association with a foreign company. It is expected to have a production capacity of 1.8 million tonnes of steel per year.
Egypt plans to build an industrial complex specializing in the production of flat steel for an investment of one billion dollars, the Egyptian government announced in a press release published this Wednesday, September 13.
The project, which has already obtained the green light from the General Authority of the Suez Canal Economic Zone (SCZone), will be carried out by an Egyptian public company, in association with a foreign company, it was also specified. source without revealing the names of these companies.
The industrial complex should have a production capacity of 1.8 million tonnes per year, and ultimately generate 6,500 direct and indirect jobs. Its production is intended both for the local market and for export.
Flat iron is used in many sectors such as construction, the automobile industry, shipbuilding and the manufacture of household appliances, for the creation of metal structures, reinforcements and even furniture.
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04/29/2021 – Egypt: towards the construction of a $7.5 billion petrochemical complex
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