# Ibda and Coperci sign shareholder deal for Egypt's first gas safety valve plant

Egypt's Ibda initiative signed a shareholder agreement with Spain's Coperci, part of Mondragon, to build Egypt's first gas safety valve factory with capacity of 15 million valves and an investment of about $7.6 million, scheduled to open in April 2023.

- Type: New facility
- Announced: 2022-12-13
- Where: Egypt
- Value: $7.60M
- Status: announced
- Capacity: 15 million valves
- Products: gas safety valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Ibda](https://endata.com/companies/10000.md) (investor)
- [Coperci](https://endata.com/companies/10001.md) (partner)
- [Fresh Electric](https://endata.com/companies/10002.md) (partner)
- [Al-Arabi Group of Companies](https://endata.com/companies/10009.md) (partner)

## Sources

- [cairo24.com](https://www.cairo24.com/1710767), 2022-12-14: "وقعت شركة ابدأ التي تعد الذراع التنفيذي للمبادرة الوطنية لتطوير الصناعة المصرية ابدأ، أمس الثلاثاء، عقد اتفاق مساهمين مع شركة Coperci الإسبانية"
- [empowertomorrow.net](https://empowertomorrow.net/with-76-million-establishing-the-first-factory-to-gas-safety-valve-in-egypt), 2022-12-15: "The contract was signed to establish the first factory to manufacture the gas safety valve in Egypt, with an estimated production capacity of 15 million valves"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.