Egypt State Information Service (Cairo)

Egypt: U.S. $ 5.2 Billion Qatari Investments to Set Up Steel, Cement Plants in Egypt

20 January 2013

Egyptian and Qatari businessmen agreed in the meeting held Saturday in Doha, the United Arab Emirates to consider a number of investment and industrial projects contracts within the coming stage including a mega venture on manufacturing and vaporizing Qatari gas in Egypt with $5,200 billion investments, in north of Suez Gulf.

Vice-chairman of Egyptian-Qatari Business Council, Ahmed Abu-Hashima, said the project is to import seven billion cubic meters of Qatari gas annually as well as setting up a mega power generating station with 1700 megawatt, a steel plant with three million tons and silos for fodders such as wheat silos that absorb five million tons.

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