Egypt plans $1bln flat steel production site – cabinet

Egypt plans $1bln flat steel production site – cabinet

Egypt plans $1bln flat steel production site - cabinetWORLDMiddle EastAfricaIndian Sub-continentChina and Asia Pacific UK and EuropeAmericasRussiaECONOMYGlobalGCCAfricaLevantNorth AfricaISLAMIC ECONOMYIslamic FinanceIslamic BusinessIslamic Finance ReportsIslamic Finance GlossaryBUSINESSAviationBanking & InsuranceCareersEducationEnergyFintechHealthcareHospitalityManufacturingReal EstateRetail & ConsumerTechnology and TelecomTransport and LogisticsTravel and TourismSMEsFinance MarketingTechnologyLegalPeopleMARKETSCommoditiesCurrenciesEquitiesFixed IncomeWEALTHAlternative InvestmentsFundsWealth ManagementSustainabilityLEGALCrime and SecurityImmigrationPolicy RegulationsLIFECultureEntertainmentFoodHealthLeisure & TravelSportsOPINIONBusiness InsightsPROJECTSBRIConstructionIndustryMiningOil & GasUtilitiesSPECIAL COVERAGERamadan and Eid 2023COP 28: Talking Climate in UAEUAE Realty MarketThe Future of CryptosFocus: Global Wealth FundsRussia-Ukraine CrisisMULTIMEDIAGalleriesVideosPRESS RELEASE Companies NewsGovernment NewsPeople in the NewsResearch & StudiesEvents and ConferencesAfrica Press ReleasesAsia Press ReleasesHome page>BUSINESS>Manufacturing>Egypt plans $1bln flat s...PHOTOCAIRO - 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.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.(Reporting by Momen Saeed Atallah, writing by Nayera Abdallah; editing by Jason Neely)Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for,