INVESTMENT WATCH-

Oil and gas inspection and NDT services provider SA International plans to invest EGP 500 mn to build a new factory in Alexandria, Al Borsa reports, citing General Manager Abdullah El Sayyad. The facility will manufacture spare parts and equipment for petroleum inspection operations, targeting to meet about 10% of local demand in its first phase and to eventually fully substitute imports.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

Tags: