The military production and public enterprises ministers met on Friday with representatives from China National Tire & Rubber Corporation (CNRC) to discuss establishing a factory to locally manufacture tires, according to a Public Enterprises Ministry statement (pdf). The factory would manufacture tires for tractors, passenger vehicles, buses, and trucks for domestic and export markets.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Electricity Ministry studies changing how your electricity bill gets calculated
The plan is still under study, and neither of the…
Africa’s corporate debt market is just 0.3% of the world’s, with Egypt’s share more than halved since 2010
The OECD puts Africa’s market-based corporate debt at USD 211…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…