SCZone finalizing talks with Siemens, GE for EUR 400 mn wind turbine blade factories

The Suez Canal Economic Zone (SCZone) is finalizing negotiations with Siemens and General Electric to establish two wind turbine blade factories at a total cost of EUR 400 mn, SCZone Chairman Ahmed Darwish told Al Borsa. According to Darwish, the SCZone is expected to negotiate with the two companies the amount of land needed for each factory, and grant the land within the year.