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Egypt.. a memorandum of understanding to set up a production line in "Kima" with investments of $280 million

Mahmoud Esmat, Minister of the Public Business Sector, said that the ministry pays great attention to its chemical industries sector because of its promising investment opportunities and the possibility of expanding the establishment of many transformational industries to maximize the returns and increase the profits of the current industries.

The minister indicated that a memorandum of understanding was signed to set up a new production line at the Kima Company for the production of nitric acid and nitrates, with investments amounting to $280 million, in addition to one billion Egyptian pounds in local funding, in cooperation with an Emirati company.