The signing ceremony was in the presence of Prime Minister, Mostafa Madbouly.
The primary objectives of this MOU are to cultivate the production of railroad cars, enable technical cooperation, facilitate technology transfer, and guarantee the quality of the manufacturing process.
The factory is built on a 27,039 square meter plot of land. Its primary purpose is to produce steel structures, with an annual production capacity of 25,000 tons.
As part of this agreement, the Chinese company WU'AN XIN FENG has granted usufruct rights to a land area spanning 750 thousand square meters to establish a factory to produce hot-rolled iron coils.
This project aims to manufacture 7.2 million pieces of jeans, export 70% of the total production, and allocate the remaining 30% to the local market.
