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Supervisor
Elham AbolFateh
AR
Tuesday 22 August 2017

Business

Nasr، CEMEX company chairman discuss beefing up investments

Wednesday 07/June/2017 - 06:37 PM
Sada El Balad
Investment and International Cooperation Minister Sahar Nasr had a meeting with President of CEMEX Egypt Ramon Rodrigo Piza and Mexican Ambassador in Cairo Jose Octavio Trip on means of beefing up the company's investments in Egypt.

During the meeting، the Mexican diplomat said his country is keen on promoting economic cooperation with Egypt through increasing Mexican investments that are mainly in cement، construction and technological fields.

The total volume of CEMEX's investments in Egypt are estimated at nearly 1.2 billion dollars، Piza said، adding the company plans to pump 20 million dollars into the Egyptian market during the current year.

For her part، Nasr welcomed the Mexican company's decision to up investments in Egypt، underlining that the new investment law، which was recently approved by President Abdel Fattah El Sisi، offers considerable incentives for investors. - SIS

Edited by Ahmed Mohsen

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