Tecnogroup invests $10mln so far in Egyptian market: Chairman

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The company’s Chairman Tamer Talaat told Al Arabiya Business

Staff Writer, Arab Finance

February 23, 2024

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The Egyptian manufacturer of piping bulk materials Tecnogroup has invested around $10 million so far in the local market, the company’s Chairman Tamer Talaat told Al Arabiya Business.

Talaat pointed out that the company is planning to export $5 million worth of products abroad.

Moreover, he added that the shortage of foreign currency impacts the company, but the crisis is being overcame somehow.

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