Aswan Investors Association will launch four new factories for ceramics with EGP1.2 billion investment cost, Head of Association Mr. Sutohey Mostafa asserted.
In statements to Amwal Al Ghad, Mostafa revealed that the new factories will be on an area ranging between 15.000 to 25.000 meters for the one factory, along with providing nearly 4.000 new job vacancies by launching the project.
Industrial Development Authority in Egypt approved to allocate plots for the new factories and it is seeking to get the approval of Petroleum Ministry to supply natural gas for factories, Mostafa explained.
Furthermore, he added that Aswan has raw materials which will be needed by ceramics industry, noting that it has been monitoring the growing demand for ceramic rates during the current period.
