|
20 million pounds in capital for first investment company in Sinai
Egypt, Business, 7/5/1999
It was decided to establish the first investment company in northern Sinai with a capital of 20 million pounds, to be increased to 100 million pounds through a general subscription among citizens at a cost of 10 pounds per share.
This company will work in tourism, industrial and agricultural investment in addition to exports and imports.
El-Kashef Mohammed, one of the company's founders, told ArabicNews.com that 120 businessmen and residents of Sinai established the company and that its first job will be using salt sources in northern Sinai to produce salt for food and industrial uses.
Previous Stories:
Production of first Egyptian Fiat to start
(7/3/1999)
Swiss steel factory in east Port Said
(7/2/1999)
Alexandria-Casablanca Sea line dedicated
(6/29/1999)
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
|
Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info
|
