Cairo – Mubasher: Egypt is set to build a military industries plant in the industrial zone in East Port Said.
The plant will be established in partnership with the private sector, the Suez Canal Economic Zone (SCZone), and Egypt’s sovereign wealth fund (Tharaa), head of SCZone Yehia Zaki said in a statement on Wednesday.
Founded in 2018, Egypt's new sovereign wealth fund aims to maximise the return on the country's assets.