CAIRO (Reuters) -Egypt’s Kemet Industries Group signed a memorandum of understanding with Emirati-Chinese Al Qalaa Red Flag group to build three industrial projects in Suez Canal Economic Zone’s Ain Sokhna Industrial Zone, SCZONE said in a statement on Wednesday.
The total expected investment cost for the three planned projects under this cooperation is estimated at around $3.5 billion, the statement added.
(Reporting by Yousry Mohamed. Editing by Jane Merriman)
