Two Chinese companies planning to establish industrial complexes with combined investment cost of USD 1.35 bn

Two Chinese companies are looking into establishing industrial complexes in Egypt with combined investments of USD 1.35 bn, Trade and Industry Minister Tarek Kabil said, according to Al Borsa reports. The minister says Shondong Ruyi Technology is looking to invest USD 800 mn into setting up a complex to manufacture textiles and ready-made clothing, while Shenyang Yuanda Enterprise Group (CNYD) is eyeing a USD 550 mn industrial complex spanning 4 km to manufacture construction materials.