Egyptian-Saudi consortium bids for project in Luxor

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Sun, 11 Jun 2017 - 08:26 GMT

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Sun, 11 Jun 2017 - 08:26 GMT

Egyptian Minister of Investment Sahar Nasr with Saudi Investors – File photo

Egyptian Minister of Investment Sahar Nasr with Saudi Investors – File photo

CAIRO – 11 June 2017: An Egyptian-Saudi consortium comprising Ammar for Building company as well as Saudi investors has bid for a project to set up an industrial zone in Luxor, said Ammar Chairman Abeer Essam.

The project is part of the first phase of a tender posed by the Ministry of Industry to establish four industrial complexes in Upper Egypt’s governorates of Luxor, Assiut, Qena and Sohag.

Ammar for Building has bought the tender specification booklet and is seeking to establish a company with a capital that amounts to LE 100 million ($5.5 million.)

Essam said she has some notes on the specification booklet, which included the huge area offered in Luxor’s Baghdadi region that registered 210,000 square meters, while most industrial complexes occupy areas of only 100,000 square meters each.

On that score, she said these notes will be submitted to the Industrial Development Authority on Monday, when she will request to extend the time allowed to present the final offers for an extra month.

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