Saudi’s ALUPCO and Egypt’s OCTA signs MoU to set up an aluminium extrusion facility
OCTA International Company, a multinational firm in the business of technology solutions to the oil & gas sector based in Egypt, has signed a memorandum of understanding (MoU) with aluminium products Company (ALUPCO), a counterpart of the Saudi Olayan Group.
Through the amendment of this agreement, ALUPCO will aid OCTA in setting up a factory to produce aluminium items that will be utilised in the construction sector, as was reported by the State Information Services (SIS).
OCTA is administered by a group of highly skilled experts with profound years of experience in both on-field and table, leading innumerable teams and management businesses worldwide. They also have been taking part in operations and development of the business opportunities and programmes.
The Egyptian Minister of Military Production, Mohamed Morsi, insisted that the National Organization for Military production would supply the labour force and the land area required to activate the project.
He also declared that this integrated programme would rekindle the relationship between Egypt and Saudi Arabia.
Even the Saudi Ambassador to Egypt quoted that the deal would amplify the trading and business relations between the private sectors of both countries.
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