Arab Finance: Rubex International for Plastic and Acrylic Manufacturing (RUBEX) has decided to proceed with the procedures for opening a branch in Libya, according to a bourse filing on February 11th.
The company highlighted that Libya is one of the best countries to inaugurate industrial branches in despite the negative security situation there.
Rubex joined a group of Egyptian firms to allocate an industrial zone in Libya under the umbrella of the Federation of Egyptian Industries (FEI), coordinating with the official authorities in Egypt and Libya to provide a secure investment environment.
On 23rd January, Rubex signed a joint cooperation protocol with the City of Scientific Research and Technological Applications (SRTA-City).