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FINANCIAL NEWS
Egypt allocates EGP200mn for Al Robeiki City 2nd phase implementation
24 Apr 2017
(MENAFN) Minster of Trade and Industry proclaimed the completion of the first batch of tanneries of the Al Robeiki Leather City project in Badr City.
Accordingly, the transfer and installation process of ten plants is being finished as part of the initiative announced by the ministry to support the first ten plants in sharing the costs of transporting equipment.
Additionally, a massive number of producers have contracted to import the newest machines in the field of tanning, which have arrived to the City and recently being installed.
Moreover, producers have extra space of their plants have to pay 25 percent of the value amid three months and the rest through a year.
MENAFN2404201700450000ID1095414806
MENAFN2404201700450000ID1095414806
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