- Advertisement -spot_img
28.2 C
HomeWorldEgypt plans $1 bln flat steel production site

Egypt plans $1 bln flat steel production site

- Advertisement -spot_img

Egypt plans to establish an integrated industrial compound to produce flat steel with investments worth $1 billion, the cabinet said in a statement on Wednesday.

READ ALSO: UBA reports staggering 438% surge in H1 2023 profit, driven by forex revaluation

The compound, with a flat steel production capacity of 1.8 million metric tons per year, would target global exports while also serving the local market.

The project has been approved by the General Authority for Suez Canal Economic Zone and will be established in cooperation with an international company, the cabinet added, without identifying the company.

Join Our Mailing List!

* indicates required
- Advertisement -spot_img
- Advertisement -spot_img
Must Read
Related News
- Advertisement -spot_img