Mexican investment has financed 90% of the costs of the pipelines installed in the Zohr natural gas field, the Mexican ambassador to Cairo, Jose Octavio Tripp, has said, according to Al Ahram Newspaper.
The ambassador said that financial interest from the north American country has continued to increase in several fields, such as cement production, and the design and construction of recreational facilities for children. Mexico will make further investments in the Egyptian market, Tripp confirmed.
The ambassador’s statements came during a meeting with the Egyptian Businessmen Association. The meeting was attended by a delegation of Mexican companies interested in making investments in Egypt.
Tripp said the establishment of a Mexican plastic factory in Alexandria will be announced in the upcoming days, adding that his country is keen to promote investment and trade with Egypt through sealing a contract between the public and private sectors.