No. 43



Egyptian-Italian Group To Set Up Steel Plate Plant

An Egyptian-Italian group has agreed to set up a steel plate manufacturing plant atSuez town's industrial area. The agreement for the projected plant was signed in Cairo on17 October by Italy's Danieli and Egypt's El Ezz groups. The cost of the plant isestimated at about $700mn, of which $500mn will be provided by the Italian side.Construction of the plant will start in 1998 and will be completed towards the...