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Ten seek Egypt steel deal
- Egypt: Sunday, September 16 - 2007 at 07:44
Ten companies including Egypt's Ezz Steel and Luxembourg's Arcelor Mittal have submitted bids to build four steel plants in Egypt, reported Reuters citing the Egyptian daily Al Alam Al Youm. The four plants will entail investment of $2.1bn and, on completion, will have an annual capacity of 8m tonnes. The outcome of the bidding process will be announced on October 20.
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Jonathan Sheikh-Miller, Deputy EditorSunday, September 16 - 2007 at 07:44 UAE local time (GMT+4)
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