Arab FinanceEngineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, held a meeting with officials of the German Mutares Group, which is considered one of the largest German groups working in the fields of parts production Auto spare parts. The group is also a major supplier to major international car brands.
The group's desire to establish a factory for forming car bodies in Egypt on an area of ​​10,000 square meters was reviewed, and it is scheduled that about 90% of the factory's production will be allocated for export.
It was agreed to hold a meeting for the Minister with the group’s officials in Egypt during the coming period to find the appropriate partner to start the project, as well as to discuss the possibility of establishing this project in one of the regions affiliated with the Suez Canal Economic Authority.
It is worth noting that Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, is currently making an important visit to Germany, during which he is holding discussions with senior officials of the German government about ways to enhance joint economic relations between the two countries in various fields and at all levels, as well as holding meetings with a number of German companies interested in investment. In the Egyptian market,
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