China’s Guangzhou Goodsense Decorative Building Materials are looking to build an aluminum composite panels factory in Ataka in partnership with the Egyptian-Saudi Wellbond Company, Trade and Industry Minister Tarek Kabil told Al Masry Al Youm. The project has an estimated cost of USD 100 mn and will be financed by Egypt, Saudi Arabia, and China, said Kabil. The factory will cover a large portion of domestic demand, and will allocate a percentage towards export, he added.

Tags: