On behalf of the Egyptian Prime Minister, Egyptian Petroleum Minister Engineer Osama Kamal recently inaugurated a joint Egyptian-Italian factory located in Badr Industrial City.
The factory represent a joint venture between the Italian based Breda Energia S.P.A (50%), the Tharwa Petroleum Company (40%), and The Egyptian Holding Company for Natural Gas EGAS (10%).
The factory will manufacture essential drilling components such as valves, cap components, control units and a variety of other service equipment for the oil and gas sector.
Minister Kamal expressed enthusiasm concerning the project stating that the new factory will inject momentum into the Egyptian manufacturing sector. Minister Kamal also expressed that the factory presented a unique opportunity to acquire knowledge and expertise from Italy’s advanced manufacturing sector in an effort to modernize Egypt’s stagnant manufacturing sector.