Kamel El-Wazir, the Egyptian Minister of Industry and Trade, and Deputy Prime Minister for Development met with the Chinese steel producer Wu’an Xin Feng [to discuss working on]( https://sis.gov.eg/en/media-center/news/industry-min-xin-feng-officials-probe-establishing-integrated-industrial-complex/) the building of a 10 million metric tons per year capacity steel plant in Egypt, Egypt’s State Information Service reported January 27.
The steel project, part of a larger integrated industrial project, will produce a variety of steel products, including automotive and structural steel, pipes, automotive components, galvanized sheets, etc.. The complex will cost $10 billion, and span 10 square kilometers (nearly 4 square miles).
The project is expected to create 15,000 direct and over 85,000 indirect jobs, while also advancing technology transfer and strengthening Egypt’s industrial base. It fits in with and will be a leading element in Egypt’s development plan under President Abdel Fattah El-Sisi, a plan which is one of the most ambitious in the world and includes building 38 to 45 new cities by 2050.
