{"id":625642,"date":"2018-08-12T04:14:26","date_gmt":"2018-08-12T04:14:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/chinas-sinoma-wants-to-build-a-usd-100-mn-steel-factory-in-egypt\/"},"modified":"2018-08-12T04:14:26","modified_gmt":"2018-08-12T04:14:26","slug":"chinas-sinoma-wants-to-build-a-usd-100-mn-steel-factory-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/chinas-sinoma-wants-to-build-a-usd-100-mn-steel-factory-in-egypt\/","title":{"rendered":"China\u2019s Sinoma wants to build a USD 100 mn steel factory in Egypt"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>INVESTMENT WATCH- China\u2019s <\/strong><a href=\"http:\/\/www.sinoma.com.cn\/en\/\"><strong>Sinoma International Engineering<\/strong><\/a><strong> is looking to invest USD 100 mn in a new steel factory in Egypt<\/strong>, Chairman Zhijiang Liu told Investment Minister Sahar Nasr, <a href=\"http:\/\/www.miic.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/--%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%B5%D9%8A%D9%86%D9%8A%D8%A9-%D8%AA%D8%B4%D9%8A%D8%AF-%D8%A8%D9%85%D9%86%D8%A7%D8%AE-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%81%D9%89-%D9%85%D8%B5%D8%B1-%D9%88%D8%AA%D8%B9%D8%AA%D8%B2%D9%85-%D8%B6%D8%AE-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9.aspx\">according to a ministry statement<\/a>. The plant is expected to produce around 2 mn tonnes per annum of steel, he said without elaborating.<\/p>\n<p><strong>But what of other Chinese investments? <\/strong>The announcement comes as Nasr met with a number of Chinese company executives and state officials in Cairo on Thursday, including representatives from China Fortune Land Development (CFLD). The company is currently <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/10\/is-cfld-finally-going-to-sign-its-new-capital-development-contracts\/\">ironing out the final details<\/a> of its contract to develop 15k feddans at the new administrative capital. The companies, which were unnamed, all expressed interest in pumping new investments into Egypt in the coming period in light of recent reforms and incentives offered under the Investment Act, according to the statement. Let\u2019s hope these don\u2019t end up bogged down like CFLD or fall by the wayside in a manner similar to the <a href=\"https:\/\/enterprise.press\/stories\/2017\/10\/12\/talks-with-china-harbour-over-alex-port-platform-back-on\/\">zombie projects signed<\/a> with the Chinese at the Egyptian Economic Development Conference.<\/p>\n<p>On a related note, <strong>Egypt is expected to participate in the 2018 Forum on China-Africa Cooperation<\/strong> (<a href=\"http:\/\/www.focac.org\/eng\/\">FOCAC<\/a>), which will be held in Beijing this September, <a href=\"http:\/\/www.miic.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/%D9%88%D8%B2%D9%8A%D8%B1%D8%A7-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%88%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D9%88%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A9-%D9%88%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D9%8A%D8%A8%D8%AD%D8%AB%D8%A7%D9%86-%D9%85%D8%B9-%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D8%A7%D8%B9%D9%85%D8%A7%D9%84-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%89-%D8%A7%D9%84%D8%B5%D9%8A%D9%86%D9%89-%D8%AC%D8%B0%D8%A8-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%B5%D9%8A%D9%86%D9%8A%D8%A9-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%88%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D9%81%D8%A7%D8%AF%D8%A9.aspx\">according to the Investment Ministry<\/a>. Members of the Egyptian-Chinese Business Council met with Nasr last week to discuss ways to attract more Chinese investment to Egypt, pointing to irrigation, grain storage, and textile manufacturing as fields where collaboration with Beijing would be particularly helpful.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INVESTMENT WATCH- China\u2019s Sinoma International Engineering is looking to invest USD 100 mn in a new steel factory in Egypt, Chairman Zhijiang Liu told Investment Minister Sahar Nasr, according to a ministry statement. The plant is expected to produce around 2 mn tonnes per annum of steel, he said without elaborating. But what of other [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625642","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"72916e2e-bd6d-4523-8774-a2d938b08295","order":"0","is_powered_by":true,"section_story_id":"e5de7360-87c7-4892-9598-5ff9b82f0e85","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625634],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>China\u2019s Sinoma wants to build a USD 100 mn steel factory in Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/chinas-sinoma-wants-to-build-a-usd-100-mn-steel-factory-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China\u2019s Sinoma wants to build a USD 100 mn steel factory in Egypt\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- China\u2019s Sinoma International Engineering is looking to invest USD 100 mn in a new steel factory in Egypt, Chairman Zhijiang Liu told Investment Minister Sahar Nasr, according to a ministry statement. 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PLUS: Danone to invest here this year.","author":"enterpriseam admin","date":"26 March 2023","format":false,"excerpt":"This is the latest in a string of Chinese investment in Egypt\u2019s manufacturing and infrastructure sectors","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/407.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":603375,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/canal-sugar-to-sign-three-mous-for-investments-worth-usd-1-bn\/","url_meta":{"origin":625642,"position":1},"title":"Canal Sugar to sign three MoUs for investments worth USD 1 bn","author":"enterpriseam admin","date":"21 April 2019","format":false,"excerpt":"Al Canal Sugar is expected to sign three MoUs with ElSewedy Electric, Saudi\u2019s Alkhorayef Group and China\u2019s Sinoma International Engineering to facilitate new projects worth USD 1 bn, reports Al Mal. Agreements with Al Kharafi will be in the area of irrigation, while Sinoma will oversee development of a new\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650566,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/27\/egyptian-steel-to-build-egp-6-bn-cement-manufacturing-plant\/","url_meta":{"origin":625642,"position":2},"title":"Egyptian Steel to build EGP 6 bn cement manufacturing plant","author":"enterpriseam admin","date":"27 March 2017","format":false,"excerpt":"Egyptian Steel broke ground on a EGP 6 bn cement manufacturing plant in Sohag, Al Mal reports. The project is part of a building materials complex that is being established by China\u2019s Sinoma-CDI. The plant, which is scheduled for completion in 2018, is projected to have an annual production capacity\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622226,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/29\/chinese-company-to-invest-usd-300-mn-in-steel-factory-in-egypts-ain-sokhna\/","url_meta":{"origin":625642,"position":3},"title":"Chinese company to invest USD 300 mn in steel factory in Egypt\u2019s Ain Sokhna","author":"enterpriseam admin","date":"29 November 2018","format":false,"excerpt":"INVESTMENT WATCH- An unnamed Chinese company is looking to invest upwards of USD 300 mn next year in a new steel factory in Ain Sokhna, the Chinese Embassy in Cairo\u2019s minister counsellor for commercial affairs Han Bing said. The company is set on Ain Sokhna, but will also consider other\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628733,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/13\/chinas-angel-yeast-to-invest-usd-55-mn-in-new-factory-in-beni-suef\/","url_meta":{"origin":625642,"position":4},"title":"China\u2019s Angel Yeast to invest USD 55 mn in new factory in Beni Suef","author":"enterpriseam admin","date":"13 May 2018","format":false,"excerpt":"INVESTMENT WATCH- China\u2019s Angel Yeast is planning to invest USD 55 mn in a new food additives plant in Beni Suef, according to a statement by the General Authority for Freezones and Investors (GAFI). The company aims to increase its production of dry yeast to 35,000 tonnes from the current\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590086,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/13\/more-chinese-firms-to-set-up-shop-in-sczone\/","url_meta":{"origin":625642,"position":5},"title":"More Chinese firms to set up shop in SCZone","author":"enterpriseam admin","date":"13 July 2023","format":false,"excerpt":"More than two-thirds of the money will go to textiles projects","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/504.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=625642"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625642\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/625634"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=625642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=625642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=625642"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=625642"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=625642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}