INVESTMENT WATCH- Military Production Ministry in talks with Chinese investors on USD 1 bn solar panel plant: The Military Production Ministry is in talks with an unnamed Chinese company to partner on a USD 1 bn solar panel factory in Aswan, ministry officials tell Al Mal. The ministry plans to hold a 51% stake in the project, the source noted. The plant would cater to the demand of the domestic market and later target export sales, the newspaper says. The ministry had been in talks with China’s Golden Concord Group on a USD 2 bn solar panel manufacturing plant, with the two signing an MoUfor the project in May. Talks are since believed to have broken down.

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