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Novostal-M plans to build a plant in Egypt

Russian metallurgical holding Novostal-M planned to expand cooperation with Egypt, including opening a new plant there.

Novostal-M plans to build a plant in Egypt

Estimated timeline for the implementation of the project is not specified. The proposed specialization of the enterprise is the production of metal products for construction purposes.

Egyptian Trade and Industry Minister Ahmed Samir noted the possibility of participation of "Novostal-M" in infrastructure projects in Egypt. Representatives of the Russian side confirmed the holding's desire to invest in the Egyptian economy.

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