20 January 2013

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

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.

Copyright © 2013 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.