The Minister of Investment and International Cooperation Dr. Nasr and the Governor Port Said General Adel El Ghadban visited the project site for the establishment of Pyramids Plant for the Production of Automotive Tires to be carried out on an area of 50,000 m2 with investments worth EGP 350 million. The plant would be the first in Egypt to manufacture truck tires. The project would provide 1800 job opportunities while German experts would be coming in next month to train 500 laborers.
Dr. Nasr also visited Sanmar Chemicals Plant which started to inject new investments worth USD 280 million this year, with labor increased by 30%. She stressed that the environmental dimension should be taken into consideration.
At the close of her visit, she reiterated that strict controls would be put in place over free zones, while at the same time, support and facilitation would be granted to investors. She shed light on discussions taking place with the Governor, concerning decentralization, youth support and paying due regard to environmental dimensions by all plants and factories.