EGP 30 Billion Investments after Electing the PresidentSource: www.export-egypt.com 5/4/2012, Location: Africa |
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Major General Ismail Al Nagdi, the Head of the Industrial Development Authority (IDA) uncovered Arab and Egyptian offers to make investments in the cement field. Investments are estimated at EGP 25 billion. The authority said it would issue tenders on 14 projects for cement production following the presidential elections.
Six investors are to start a project on sugar industry with EGP 5 billion investments, Nagdi noted, saying this would bridge the gap between production and consumption as Egypt consumes 1.3 million tons of sugar a year. |
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