The Egyptian cabinet has accredited establishing a flat steel production park, in cooperation with an international firm, with investments of $1 billion, to be pumped in two tranches. 

The project will be built on a 1.5-million-square-meter area, with a production capacity of 1.8 million tons. 

The park will provide 6,500 job opportunities, including 2,000 direct opportunities and 4,500 indirect ones.