10 November 2012

Egypt: Turkish Plant to Be Set Up With U.S.$400 Million Investments in Sinai

Industry and Foreign Trade Minister Hatem Saleh met Friday 09/11/2012 with the Turkish Company KSG representatives to discuss establishing an industrial compound in Sinai with investments up to USD 400 million.

They discussed the company's plans in the fields of textile and energy in the coming period. The industrial compound will make use of the energy produced from al-Maghara coalmine.

Saleh asserted that the KSG is one of the most important Turkish companies working in the field of energy and it will re-operate al-Maghara mine according to an integrated vision that includes establishing a power plant and cement factory.

Copyright © 2012 Egypt State Information Service. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.