Holding Company for metallurgical industries received nine international bids for developing steel Company.
The bids included nine Italian, Chinese, Ukranian, Russian and German companies out of a total of 22 companies; the envelopes were opened on 12 September, the last day to receive bids.
The Technical Committee formed for this purpose will examine the tenders and evaluate them technically; then the committee will make a financial evaluation to accept offers according to the procedures.
Iron and Steel production activity represents the most important economic activity which contributes by 16.0% of industrial production value; whereas followed by coke coal and petroleum products industrial activity by 13.7% and food products industrial activity by 13.7%.
Furthermore, the total production value for the steel industry reached EGP (Egyptian Pound) 10.8 bn: it means an increase of EGP 16.3% while 2016; marking an increase of 27.0%, due to the stability of energy supply for energy-intensive industries.
The Central Agency for Public Mobilisation and statistics issued its quarterly bulletin of industrial production; the report showed that the total Egyptian industrial production value reached an increase of 21.1%.
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