China’s Wuhan to establish EGP 500 mn building materials factory in SCZone

INVESTMENT WATCH- China’s Wuhan to invest in EGP 500 mn building materials factory: China’s Wuhan Corporation has signed a partnership agreement earlier this week with a consortium of unnamed Arab investors to establish an EGP 500 mn building materials factory in the Suez Canal Economic Zone, Al Borsa reports. Matouk Bassiouny was reportedly tapped as legal counsel to Wuhan on the transaction, while TMS Law Firm advised the group of Arab investors.