The Arab Organization of Industrialization (AOI) has begun talks with an unnamed Polish company to set up a tractor factor in Egypt which will source 40% of its production inputs locally, AOI Chairman Abdel Sadek Abdel Raheemtells Al Borsa. He added that an MoU had been signed between the two companies to study the project and the possibility of exporting from the factory. We believe the company to be Polish agriculture machinery manufacturer Ursus, which had expressed interest in opening USD 50-100 mn tractor factory in Egypt back in August at a meeting with Trade and Industry Minister Tarek Kabil.

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