VOL. XLIV
No. 07
12-February-2001
KUWAIT/EGYPT
Kuwait And Egypt To Build $50MnGas Pipeline Plant Near Port Said
The Kuwait Pipe Industries and OilServices Company in mid-January signed an agreement with four Egyptian partnersto set up a $50mn plant near Port Said to manufacture pipes for natural gas.The Kuwaiti firm, together with EK Holding, a Kuwaiti-Egyptian holding companyheaded by Kuwaiti businessman Nasir al-Kharafi (see above item), will own 60%of the new project. The remaining 40% will be...
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