CAIRO: Prime Minister Ibrahim Mahlab signed Wednesday two memoranda of understanding (MoUs) to establish a city of furniture industry in Damietta (191 km away from Cairo), according to a statement from the Cabinet.
The MoUs have been signed between the Ministry of Housing, Fund of Social Development and Damietta governorate. The first MoU concerns building the city while the second to market the products, the statement added.
The new city will include 150 factories, 2,000 furniture workshops on piece of land of 100,000 square meters Middle East, Damietta governor Ismail Abdel-Hamid Taha.
Per this agreement, housing unities, built by the state, will be created with furniture; a buyer, if wishes, will repay the cost of a furnished apartments in installments.