Arab Finance: The Chinese company is planning to create a solar panel glass factory in the Suez Canal Economic Zone with investments of $ 700 million, according to To explain Issued by the Council of Ministers.
The factory, which will be carried out in two phases, will produce 1.53 million tons of solar panels and 1.08 million tons annually of highly purity silica sands, which is one of the ingredients used in the production of solar panels. The company intends to allocate the majority of its export production to foreign markets.
Walid Jamal Al -Din, Chairman of the General Authority of the Economic Zone of the Suez Canal, indicated that the company is now negotiating to obtain the necessary approvals to implement the project.
While the Prime Minister affirmed his full support to start implementing the project immediately, directing the head of the General Authority for the Economic Zone of the Suez Canal quickly communicating with the ministers of electricity and oil to manage the necessary supplies for the project from electricity, gas and sands of Silka, saying: Look at the establishment of this factory as soon as possible.
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