EGYPT: Minister of trade and industry said on Saturday they plan to establish an industrial zone in South Sinai province – @AceFinanceNews

#AceFinanceNews – May.30: Egypt to establish $92M industrial zone in South Sinai

Egypt’s Minister of Trade and Industry said on Saturday that he approved a plan to establish an EGP 820 million (around $92 million) industrial zone in the province of South Sinai.

Tarek Kabil said during a conference on development and investments in South Sinai, held in the province, that that the area’s mineral resources will be utilised in the project.

Investment in roads, infrastructure, water, sewage and desalination plants are being made thanks to Arab development fund grants. (Shutterstock)

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