Signing a contract to establish a project for recycling iron slag on an area of 40,000 km2

Eng. Mohamed Adel Adel Fathy, Chairman and Managing Director of the Egyptian-Chinese Joint Investment Company, signed with Mr. Wang Zhichu, Chairman of the Board of Directors of the Chinese Rangsheng Company, a contract to transfer a usufruct contract of an area of 20,000 square meters for a period of 46 years, bringing the total area allocated to them to 40,000 square meters, in order to establish a slag recycling project Iron in the area allocated to the Egyptian-Chinese joint investment company in the fourth sector of the Suez Canal Economic Zone.