Complex
Helal stressed the importance of the project, which will be built in the industrial zone of New Alamein, in bridging the import gap of silicon, which supports the strategy of optimal exploitation of natural resources and maximizing their added value.
It added that the project is built on an area of 3.56 million square meters within the geographical space of the Main Development Company, one of the most important developers of the economic zone in the southern sector of Ain Sokhna, with an investment cost of $7.5 billion.
Al-Arabi clarified in a statement that the factories will be devoted to the production of Japanese sterilization supplies and cosmetics in Egypt, according to Japanese specifications, and about 1,500 job opportunities will be created.
The minister affirmed that units at seven complexes will be delivered by the end of the month.
The units are located in the industrial SME's complexes, particularly B and C spanning over six million square meters southern the city.
Enppi will undertake the tasks of the general contractor for the project to carry out the integrated construction works of the new Lahoon complex.
Consumer complexes are supermarkets owned by public companies to sell subsidized goods to citizens.
Worth $150, the factory million will be built by a consortium of Petrojet and Saipem.
The petrochemical complex will be built at a cost of $10.9 billion in investments in the economic zone at the Suez Canal, the statement said.
Petroleum Minister Tarek el-Molla discussed with Japanese company Toyota on Sunday an initial study to establish a refineries complex in Suez governorate.
EMISAL targets to establish this industrial complex, in cooperation with Mersa Matrouh Governorate and the National Service Projects Organization.
A wrap-up for the most prominent business news of the day.
A wrap-up for the most prominent business news of the day.
The Ministry of Industry is yet to determine the total cost of the industrial project.
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