Sunday 18 February 2024 10:40 PMThe Egyptian-Kuwaiti Holding Company announced that it will soon launch a project for manufacturing medium-density fiberboard (MDF) in a factory with a trial opening and investments of $120m. The announcement came during a meeting between Prime Minister Mostafa Madbouly, and the Chairperson of the Egyptian-Kuwaiti Holding Company, Luay Al-Kharafi, along with other board members, to discuss the company’s investments and expansion plans in Egypt. Madbouly welcomed the company’s representatives and praised the strong Egyptian-Kuwaiti relations and the support for Kuwaiti and foreign investments in Egypt. The Chairperson of the Egyptian-Kuwaiti Holding Company also mentioned the company’s desire to complete its hotel project in El-Arish, which has faced some challenges. The Prime Minister welcomed any new investments and promised to overcome any obstacles and challenges to attract more investments in the targeted sectors.

Source: Daily News Egypt February 18, 2024 21:09 UTC