The National Organization for Military Production (NOMP) and its subsidiary Al Maadi Company for Engineering Industries have signed an MoU with Korean company Medtech to establish a factory for medical equipment, Al Shorouk reports. The factory is meant to cover both local market needs and export to other countries, according to Military Production Minister Mohamed El Assar.
More from Enterprise
AI in Egyptian banking is “in its infancy,” and the pause is deliberate
Bankers say the rules aren’t written yet. Data center builders…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
EFG has three more IPOs lined up before year-end, including one hefty offering
Group CEO Karim Awad credits the central bank’s decision to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…