The Military Production Ministry signed an MoU with China’s Heiching Bay Steel Group of Chinese Steel Pipes and Egypt AAA to cooperate in the manufacture of steel pipes, Military Production Minister Mohamed El Assar said in statements picked up by AMAY. The MoU stipulates that a 550k sqm factory will be built in Egypt to produce 6-50 meters pipes for the local and export.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
EGX30 erases March losses with 14.2% April surge
The rally piled on roughly EGP 433 bn in market…
Kiwe gets Central Bank green light to launch nationwide
The startup is backed by our friends at EFG Hermes,…