Kuwaiti company establishes paper factory in Egypt

The Kuwaiti Kherafi group is preparing to establish a large paper factory in the Egyptian Suez Gulf area named Imac on a 14,000 cubic meters with a capital of 40 million pounds.

The project will provide 1,000 work opportunities in the first stage.

The group also intends to establish an integral city to serve the airport of Marsa Alam on 14 million cubic meters, including schools, tourism establishments, hospitals and other services.

The company will develop the airport of Marsa Alam on the BOT system (build - ooperate - transfer) under the auspices of the Egyptian governmental civil aviation organization.

El-Khorafi group will run the airport for 30 years, after which the Egyptian government will run it.