Chinese invests 550M in Egypt
The Chinese National Tire and Rubber Company announced a $550 million investment in Egypt to establish a new factory in the Al-Ameriya city of Alexandria and to upgrade existing production lines. The project will contribute approximately 1.5 million tires annually, aiming to meet the local market demand and increase exports. It is one of the largest Chinese national projects currently underway in Egypt.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)