Suez Steel obtains final approval, records $100m in 2015 investments: Gamal Garhi

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Government puts unfair pressure on investors, but Garhi optimistic about future in light of recent reforms

26.01.15 | Source: Daily News Egypt

Suez Steel Co has received final approvals for a rebar licence from the Industrial Development Authority according to company head Gamal Garhi during an interview with Daily News Egypt. The value of the licence was EGP 45m, he explained.

Suez Steel Co was founded in 1998 through the support of Abdul Aziz Sedky, Prime Minister of Egypt at the time. Garhi purchased the company in September 2006 and injected investments worth EGP 14bn into various factories.

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