CAIRO - 13 September 2023: Egypt will establish an integrated industrial complex for flat steel’s production in cooperation with an unnamed international company with an investments of $1 billion. Cabinet Spokesman, Nader Saad, explained that the project’s area is 1.5 million square meters. He added that the General Authority for the Suez Canal Economic Zone (SCZone) has approved the project. This came within Egypt’s efforts under President El-Sisi’s directives of providing a supportive environment for Egypt’s heavy industries sector especially the iron and steel industry. The project will be the step in achieving state’s plan to develop the heavy and strategic industries and boost local industrialization in the heavy industries sector.

Source: Egypt Today September 13, 2023 15:55 UTC