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FINANCIAL NEWS
Saudi Petromin invests USD 28mn in Egyptian automotive market
09 Jun 2016
(MENAFN) Saudi lubricants and automotive services firm in Africa and Middle East Petromin Corporation aims to invest USD 28mn in the Egyptian market.
Moreover, the new investments will expand firm’s oil lubricants and car servicing ‘Petromin Express’ network.
In addition, the firm expected that those investments will make 1,000 new job chances in Egypt by 2020.
The Saudi firm aims to expand its network to include 100 stations by 2020 in order to service for more than 1.5 clients yearly.
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