Saudi-based Smart Lab and an unnamed Egyptian private company are planning to build a USD 10 mn laboratory complex to certify mechanical products manufactured in Egypt, CEO Adel Al Ghamdi said. The complex will be built in proximity to major industrial areas and managed by the Saudi party, who will be working to certify products bound for export into its home country.
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…