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Chinese firm to build $500M tire plant
Dr. Mohamed Farid, Minister of Investment and Foreign Trade, signed a letter of intent with Mustafa Sheikhoun, Chairman of the General Authority for the Suez Canal Economic Zone, with Chungtseh Rubber Group (ZC Rubber). This comes as part of efforts to enhance investment cooperation and develop Korean industries and logistics-related sectors within the Suez Canal Economic Zone, aiming to attract new investments and promote industrial growth in Egypt.
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