Ending the historical disputes between “Kima” and “Iron and Steel Mines and Quarries”
Under the patronage of His Excellency the Minister of Public Business Sector Mr. Hisham Tawfiq Shahd, Accountant Imad El Din Mostafa – Chairman of the Board of Directors of the Holding Company for Chemical Industries, and Eng. Mohamed El Saadawi Mostafa El Saadawi – Executive Managing Director of the Holding Company for Metallurgical Industries Signing a contract agreement to end the conflict between Iron and Steel for Mines and Quarries and Industries Company Egyptian chemical “Kima”.
Eng. Tarek El-Bagouri – Executive Managing Director of Iron and Steel Company for Mines and Quarries – a subsidiary of the Mineral Holding Company, and Eng. Mohamed Hassanein Radwan – Executive Managing Director of Kima – a subsidiary of Chemical Holding signed a contract for a final, comprehensive and decisive settlement of all their disputes Concerning the land of Kima Company in Aswan, on which there are buildings owned by the Iron and Steel Company.
Eng. Mohamed El-Saadawi clarified that the signing of this agreement comes in light of the state’s directions regarding the settlement of disputes between state agencies, as well as the directives of the Prime Minister, that all ministries and their affiliated agencies are committed to the assignments of the President of the Republic to stop litigation between ministries and study other ways to resolve disputes between them other than resort to court.
His Excellency affirmed that by signing this agreement, a plot of land with an area of 45,000 square meters was transferred to the Iron and Steel Company for Mines and Quarries, and it became one of the company’s assets and properties.
In the same context, the accountant / Emad El-Din Mostafa explained that Kima Company has transferred an area of 74 thousand square meters of the disputed land, and indicated that a joint committee is being formed between the two companies to sign a contract for handing over the land, buildings and facilities that each party is privy to. Nature and termination of the delivery process within a maximum of 30 days from the date of signing this agreement.