Chinese Company to Establish Iron, Steel Factory with Annual Production Capacity of 2 Million TonsSource: www.export-egypt.com 8/9/2018, Location: Africa |
|
|
|
|
|
Investment and International Cooperation Minister Sahar Nasr said that Egypt welcomes Chinese investments, mainly in light of the marked economic and legislative reforms it has achieved upon directives from President Abdel Fattah El Sisi.
The minister made the remarks, at a meeting with a delegation comprising representatives from the government of the Chinese Province of Hebei alongside eight major Chinese companies. The delegation as well included the vice president of China's Sinoma company, who said that his company is willing to establish an iron and steel factory in Egypt with annual production capacity of two million tons at investment costs of 100 million dollars. The government is working actively to lure investments from the private sector, which is a vital pillar of economic growth, the minister noted. Nasr asserted that the Egyptian government believes in the private sector’s role in development, saying that it is ready to implement all reforms needed to facilitate the private sector’s work in Egypt and consolidate its role at all sectors, mainly in setting up the national mega projects. She went on saying that the government is keen to communicate with the private sector and non-governmental organizations to implement the national sustainable development plan. She pointed out to the Egyptian investment map that her ministry has launched. The map features all investment opportunities in various fields nationwide, she stressed. For their part, representatives of the Chinese companies voiced keenness on pumping fresh investments into the Egyptian market in the coming period, praising steps that Egypt has adopted to improve the business climate. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
