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The second factory, which will be built in Alexandria, will be dedicated to producing heavy duty tyres for agricultural tractors and heavy engineering equipment. These tyres will be used both in the local market, as well as exported.
The time will be used to complete the necessary procedures for the deal, according to a statement STC sent to the Saudi Stock Exchange (Tadawul).
Facility Management market is projected to reach a value of $1.74bn by 2026, says Mansour
The study will provide information on the investment required for replacement and renovation in line with the technology used at Dongfeng company.
Such cooperation will help to deepen local manufacturing, increase the added value, reduce importation
MoU includes combating crimes, exchanging intelligence
The MoU aims to create boost cooperation, and to facilitate the sharing of technical knowledge and expertise.
MoU paves way to future partnership with Saudi company to export ministry’s products to GCC, says statement
MoU aims to improve Egyptian industry’s competitiveness
The Micro, Small and Medium Enterprises Development Agency (MSMEDA) has signed a memorandum of understanding (MoU) with the International Labour Organization (ILO) to launch training programmes for Egyptian youth on modern methods to run their small and medium-sized enterprises (SMEs). The agreement, signed by the MSMEDA Executive Director, Nevine Gamea, and the ILO’s Acting Director …
Egypt’s senior officials continue their meetings with Korean firms
Programme is first of its kind to be signed between both organisations
Bank signs MoU with EFCBC, AFCCA to promote contracting industry in Africa
After the signing ceremony, Netherlands’ ambassador and director of the NVIC were hosted at the office of Taha Badry, dean of Faculty of Languages and Translation, were they discussed the operational aspect of the MoU and the way forward.
Agreement will launch two hotel brands catering to diverse set of travellers across IL Monte Galala in Ain Sokhna, Fouka Bay in North Coast
AFD agrees to provide €60m in funding for social protection, in addition to €2m technical support grant
The Georgian government is discussing signing a new economic memorandum of understanding with Egypt within the framework of the third round of the Egyptian-Georgian Joint Commission for Economic, Scientific, and Technical Cooperation, said the Ambassador of Georgia to Cairo Alexander Nalbandov at a press conference on Sunday. The joint commission will be held in the capital of Georgia, …
The meeting between both leaders included discussion over bilateral, regional and African topics
Projects will be managed on an area of 800 feddans in the North Coast, 180 in Ain Sokhna, and 400 acres in New Cairo within the partnership
The agreements include cooperation in the industrial sector, organizing exhibitions, regulating property rights, and exchanging trade information
The visit deepens bilateral military relations and defence industry cooperation, says army spokesperson
Al-Sisi and Orbán also discussed current developments in the Middle East especially the Libyan and Syrian crises which impact security in both regions
Minister of International Cooperation Sahar Nasr signed five agreements and memoranda of understanding (MoU) worth approximately $3.1bn with South Korea on 3 March during President Abdel Fattah Al-Sisi’s visit to Asia
The alliance will consult on power, desalination of water and residential projects worth €8bn
The Ministry of Investment and Ministry of Trade and Industry and the Ministry of Communications and Information Technology sign MOUs with Chinese government and companies
The MoU was signed with the collaboration of the Egyptian Ministry of Foreign Affairs and the Egyptian Ambassador in Kinshasa, Democratic Republic of Congo.
Value of credit-financing package corporation amounted to $5.5bn last year, says CEO
The MoU draft handles exchanging legislation, notifications, anti-fraud and trade exchange
The project is entitled the ‘Access of Children to Education and Fighting Child Labour’ project, with a €60m fund from the EU.
Project is expected to begin operations by end of 2016 and to reach full capacity by mid-2018