الجمعة، 13 مايو 2011

The launch of "Iron Egyptians" investments of one billion and 200 million pounds

Ahmed Abu Hashima

A man called Abu Ahmed Al-Hashima and Muhammad ibn Suhaim the second country on Thursday, a project company "Iron Egyptians" Egyptian partnership in Minia Governorate country with investments amounting to one billion and 200 million pounds belonging to the company "llc" in Minia Governorate.

Abul-Hashima during a press conference held today that the company is seeking through this project to create said massive investment includes an industrial park integrated rolling rebar to serve the surrounding area, the Upper Egypt governorates, to be work on the project and put the first production of a 17-month period.

He pointed out that the company also aims to open direct channels of communication with banks and companies iron stalled in Egypt to reach the most appropriate solutions for the management buy these companies and factories, in order to preserve its staff, who is approaching the number of 7 thousand workers are the size of employment in the troubled companies sector iron.

The Mohammed bin Suhaim second that the plant is designed to provide approximately 6000 jobs directly and indirectly, and the production of nearly 500 thousand tons of iron plate, and 500 thousand tons of rebar, bringing the total production of the project to one million tons of iron.

He added that the project is part of Qatar's keenness to invest in Egypt after the revolution of January 25.