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.

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