Engineer Mahmoud Esmat, Minister of Public Enterprise Sector, confirmed in a statement today that the ministry is seeking partnership with the private sector within the framework of the state ownership policy document, and that there is a clear investment map for projects and sectors, explaining that there is a directive to open the field and provide the necessary information to private companies to increase participation and cooperation. Especially in the productive sectors, and that the forms and rates of participation are discussed according to what was determined by the property policy document, noting that there is a general tendency to open the field and help private investment to occupy its natural place in the national economy.

It is noteworthy that El-Nasr Steel Pipes Industry Company was established in 1962 as the first company to produce longitudinally and spirally welded steel pipes in Egypt and the region. The company operates in accordance with the specifications of the American Petroleum Institute, which are required for the purposes of transporting water, oil and gas, as well as the production of engineering and square sectors for use in various fields. The company is currently supplying lighting poles within the framework of the “Decent Life” initiative.

It was signed by Eng. Mohamed El Saadawy, Managing Director of the Holding Company for Metallurgical Industries, and Eng. Ali Mostafa Mousa, Chairman of Connect Egypt.