Kemet Industries and Al Qalaa–Red Flag Group sign $3.5B deal for three factories in Sokhna

Kemet Industries Group and Al Qalaa–Red Flag Group signed a strategic cooperation agreement to develop three industrial projects in the Sokhna Industrial Zone with a total investment of approximately $3.5 billion. The projects include a seamless steel pipe factory (250,000 tons/year), a vehicle tyre factory (12-15 million tyres/year), and a fiber optic cable facility.

“The partnership will boost industrial investments in the region.”steelradar.com

• 1 source
• steelradar.comKemet Industries and Al Qalaa–Red Flag Group signed agreement for three major industrial projects in Sokhna Industrial ZoneOct 30, 2025

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