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Georg Fischer to enter gas and water distribution Market In Egypt

GF piping systems announces a new joint venture with Dubai's Corys investments and Cairo's Egypt Gas.
26.11.19 | Source: Reuters

* GEORG FISCHER AG: GF PLANS TO ENTER FAST GROWING GAS AND WATER DISTRIBUTION MARKET IN EGYPT


* GF PIPING SYSTEMS, A DIVISION OF GF, TODAY ANNOUNCES A NEW PLANNED JOINT VENTURE WITH CORYS INVESTMENTS LLC, LOCATED IN DUBAI (UNITED ARAB EMIRATES), AND EGYPT GAS, CAIRO (EGYPT)


 


 JV WILL INVEST IN A NEW PRODUCTION SITE FOR PLASTIC PIPES TO PARTICIPATE IN SOARING EGYPTIAN GAS AND WATER DISTRIBUTION MARKET


* TOGETHER WITH CORYS, GF WILL HOLD EQUALLY A COMBINED STAKE OF 75% IN NEW JOINT VENTURE WHILST EGYPT GAS WILL HOLD 25%

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