Arab Finance: The China State Construction Engineering Corporation (CSCEC) has opened CSCEC Steel Egypt, a steel structures manufacturing factory in the Suez Canal Economic Zone (SCZONE), with investments totaled CNY 87.4 million, as per an official statement.

Spanning an area of 27,039 square meters, the factory is set to produce 25,000 tons of steel structures annually.

This project also targets offering 200 job opportunities.

The factory’s operations include technical development of the steel structures, as well as designing, testing, processing, and constructing them.

The factory was built in eight months as per a partnership agreement between the SCZONE and the industrial developer TEDA-Egypt.

Egypt studies extending duty-free gold import initiative Updated 5/12/2024 2:39:00 PM

QatarEnergy acquires 40% of 2 natural gas exploration blocks in Egypt Updated 5/12/2024 2:03:00 PM

ECA to file criminal case against 7 poultry brokers for price-fixing scheme Updated 5/12/2024 12:21:00 PM

Contact Pay, Damen partner to provide comprehensive payment solutions Updated 5/12/2024 11:37:00 AM

IFC pledges $1B financing to Egyptian private sector in 2024 Updated 5/12/2024 11:08:00 AM