$10 million in Japanese facilities for Egyptian company

The Arab Company for Radio and Transistor, "Tele Misr," obtained credit facilities from the Japanese company NEC that are estimated at $10 million in the form of machines and production equipment to be paid in three years.

The company's Mostafa Kamel said that these facilities come in the framework of the company's plan to bring new products to the Egyptian market such as video cameras and computer devices.

He added that the holding company for governmental engineering industries sold its share in the company to Egyptian investors, which form 24% of the company's total shares at a value that reaches 15 million pounds.