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Wednesday, 29 November 2017

Tahya Masr to market excess production capacity at state-owned factories to private sector

The Tahya Masr Fund is reportedly holding talks with seven public sector petrochemicals, pharma, paper and textiles companies to see if they would allow private sector companies to use their excess capacity, Al Borsa reports. The move is part of a drive by the fund to market excess production capacity in government factories to the private, which has already seen two investors in 10 Ramadan sign up for, according to the newspaper.

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