Arab FinanceEng. Hassan Al -Khatib, Minister of Investment and Foreign Trade, met With me. S. Jayraman, Chairman of the Board of Directors of Tci Sanmar For chemicals, to discuss ways to enhance the Indian company's investments in Egypt.
Where the minister affirmed the Egyptian government's keenness to support foreign investments and provide an attractive business environment, and he added that the Egyptian government welcomes the plans of Tci Sanmar to increase its investments in Egypt.
For his part, Mr. B announced. S. Jayraman for the company's intention to pump an additional $ 300 million in its investments in Egypt during the next stage, bringing its total investments to about 2 billion dollars, praising the fruitful cooperation with the Egyptian government in facilitating procedures and supporting industrial expansion.
As indicated to me. S. Jayraman to the commitment of Tci Sanmar to enhance its investments in Egypt, stressing that the company seeks to create cold storage facilities to support storage capabilities and improve the supply chain, as this project will be discussed with the competent authorities in Egypt during the coming period.
In turn, Mr. Nafdib Suri, the company's director, explained that the company's future plans in Egypt include the establishment of a naval station to import ethylene, which will contribute to securing the supply of raw materials needed for the polyvinyl chloride (PVC), one of the company's basic products, indicating that the company is working to increase the production capacity of its factories in Port Said, to keep pace with the increasing demand for its products in local and international markets.
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