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Thursday, 3 August 2017

Abou Hashima rezones his USD 5.5 bn steel plant in SCZone

Abou Hashima rezones his USD 5.5 bn steel plant to fall in the SCZone: Egyptian Steel Chairman and CEO Ahmed Abou Hashima signed an agreement with Suez Canal Economic Zone (SCZone) Chairman Mohab Mamish which would see his USD 5.5 bn steel plant rezoned within the SCZone. The plant will open in December, said Abou Hashima, according to Ahram Gate. The agreement was one of six signed by the Ismail cabinet and Mamish. Other companies now set to enjoy the privileges of membership include El Sokhna Refinery & Petrochemicals, the Egyptian Chinese Joint Venture Company for Investment, National Port Said Steel, and Raya Manufacturing and Logistics, according to a statement from cabinet.

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