Russian steel giant Novostal-M seeks to expand cooperation with Egypt

STORY: Russian steel giant Novostal-M seeks to expand cooperation with Egypt DATELINE: Aug. 17, 2023 LENGTH: 00:00:49 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of new administrative capital headquarters of the Egyptian Ministry of Trade and Industry 2. various of meeting STORYLINE: Russian metallurgical holding company Novostal-M seeks to expand its cooperation with Egypt, including establishing a new factory in the North African country, according to a statement released by the Egyptian cabinet on Wednesday. After a meeting between Egyptian Minister of Trade and Industry Ahmed Samir and a visiting delegation of Novostal-M headed by Ivan Demchenko, the president of the Russian steel giant, Samir said that the company wants to set up a steel factory in Egypt, supply metals for Egyptian projects, and build infrastructure for food warehouses. The two sides also discussed cooperation in the field of construction, nitrogen supply, and the export of fertilizers from Egypt to other African countrie