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Egypt to Set Up New Steel Company in Suez Governorate

Egypt to Set Up New Steel Company in Suez Governorate

– The Egyptian cabinet has approved the president’s directive to allocate approximately 385 feddans in the Suez Governorate for the establishment of the Suez Steel Company, aimed at advancing Egypt’s steel industry.

– During the weekly cabinet meeting, it was agreed to establish a private free zone for MAFI Company for Manufacturing Agricultural Crops in Sadat City, Menoufia Governorate. This zone will enhance agricultural and food production for export, targeting an annual export volume of $200 million and providing employment opportunities for nationals.

– The Egyptian cabinet has authorized Al Ahly for Development and Investment to establish the Al Ahly Capital investment zone in Giza Governorate, spanning approximately 2 million square meters. This zone will support medium and small industries, encompassing various industrial, logistical, service, and commercial activities.

The Egyptian cabinet has approved the president’s directive to allocate approximately 385 feddans in the Suez Governorate for the establishment of the Suez Steel Company, aimed at advancing Egypt’s steel industry, according to a statement.

During the weekly cabinet meeting, it was agreed to establish a private free zone for MAFI Company for Manufacturing Agricultural Crops, an Egyptian joint-stock company, on a 154,700 square meter land plot in Sadat City, Menoufia Governorate.

This private free zone will enhance agricultural and food production for export, targeting an annual export volume of $200 million and providing employment opportunities for nationals.

Additionally, the Egyptian cabinet has authorized Al Ahly for Development and Investment to establish the Al Ahly Capital investment zone, spanning approximately 2 million square meters in Giza Governorate.

This zone will support medium and small industries, encompassing various industrial, logistical, service, and commercial activities.

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