Four new public-private investment projects: Private sector players signed four separate agreements with state-owned companies on Thursday to work together on industrial projects. A rundown of the agreements:
#1- Setting up a factory for chlorine pellets: State-owned Egyptian Chemical Industries (Kima) and Chemical Industries Holding Company agreed with Cadence Energy and Engineering Consultancy and Project Development to establish a holding company, Pure Dive, to construct, manage, and operate a factory producing chlorine pellets, according to a cabinet statement. CIHC will provide the land for the factory, the statement reads, without providing further details about the size and timeline of the potential investment. Chlorine pellets have applications in water purification, sterilization and disinfection of medicines, food production, sanitation of swimming pools, soil disinfection and agricultural cultivation, and in the textiles industry.
#2- Establishing a factory for PC wire: CIHC and Global Steel have agreed to establish a company named EgyDrew to construct, manage, and operate a factory for the production of pressed concrete wire, according to a separate statement. CIHC will also provide the land needed for the factory, the statement reads, without providing further details about the value or timeline of the potential investment. Pressed concrete wire is used in the manufacturing of railway sleepers, electric poles, precast architectural structures, concrete sewage pipes, and water tanks.
#3- Establishing a hydrogen processing unit: A consortium of industrial gas producer Gulf Cryo and Emex for Engineering and Construction will establish a unit to process hydrogen gas for various uses, and market and sell it under an agreement with Kima, cabinet said in a statement.The unit will be established within a Kima factory in Alexandria, with Kima committed to supplying hydrogen gas to the alliance of the two companies, the statement reads, without providing further details about the size and timeline of the potential investment.
#4- Operating an idle factory for kidney dialyzers: Pharma firm Wadi El Neel will revamp and operate an unused factory for kidney dialyzers and its annexed warehouses in Qalyubia owned by state-owned El Nasr Pharma under a nine-year lease contract, according to a separate statement. Wadi El Neel will contract an accredited engineering consultancy to carry out the revamp, the statement reads, without providing further details about the size and timeline of the potential investment.