Asmaa Makhlouf, head of the North Gulf of Suez Development Authority, welcomes a delegation from KSA, in the presence of officials of Alarabia for Trading, Manufacturing, and Transportation Services, in order to open one of the company’s factories for partial automotive manufacture, Invest-Gate reports.

Makhlouf confirms that the factory will be opened soon on an area of 163,688 sqm, within the expansion of Ataka Industrial Zone. Furthermore, investment opportunities and cooperation between the company and the North Gulf of Suez Development Authority are  currently being studied.

“The City Authority seeks to overcome difficulties and attract various investments, within the framework of the state’s interest and the New Urban Communities Authority to encourage investment and achieve development,” Makhlouf stresses.