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Elsewedy invests $500m in submarine cable factory West of Damietta

Summary by Daily News Egypt
Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Transport and Industry, oversaw the signing of a Memorandum of Understanding (MoU) between the Holding Company for Maritime and Land Transport and Elsewedy Electric. The agreement aims to foster investment and trade relations through the development of an integrated industrial and logistics zone at Damietta Port, spanning 6 million square meters across two phases.  …
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Daily News Egypt broke the news in Egypt on Saturday, March 8, 2025.
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