The minister of transport also presented other investment opportunities.
Prime Minister Mostafa Madbouli attended Tuesday the signing of a quadrilateral memorandum of understanding (MoU) to build an automotive factory in the Suez Canal Economic Zone (SCzone) located Eastern Port Said.
Prime Minister Mostafa Madbouli attended Wednesday the signing of the MoU between the General Authority for Free Zones and Investment (GAFI) and Sumitomo Egypt.
There is a plan to cut carbon emissions in Egypt by 50 percent.
Prime Minister Mostafa Madbouli attended Monday the inauguration of a new production line introduced by Flex P Films.
The factory is a joint venture between the Holding Company for Petrochemicals and the Arab Organization for Industrialization (AOI).
The revenues rose by 17 percent compared to the previous fiscal year.
A company was established under the name of “The Egyptian National Railways Industries” to undertake the establishment and the operation of the factory.
Adly Mansour metro station will be a transit station, from which commuters can go to Cairo International Airport through a tunnel.
According to the statement, the factory is located on an area of about 62,500 square meters, and it accommodates more than 182 thousand spinners, with an average production capacity of 30 tons / day.
There are negative and positive aspects.
Deputy Governor of the Central Bank of Egypt Gamal Nagm declared that the board issued a decree on Sunday extending the grace period of stumbling factories.
The Transport Ministry will purchase all up-to-standard products of SEMAF Railway Factory.
The factory will manufacture in polyethylene and polypropylene pipes.
The Ministry of Immigration is organizing field trips to mega development projects for participants in the first conference of Egyptian expats associations.
Why green business is more important than ever.
Egypt and the UAE agreed on forming a joint technical committee to prepare a draft for a MOU to establish a factory to get rid of medical waste.
Kabil noted the three factories are belonging to Unionaire Group and will produce washing machines, fridges and TV screens.
The factory will start off with producing 30,000 vehicles and aims to manufacture 200,000 vehicles in two years.
Growth in China’s manufacturing sector picked up more than expected in March.