Corys Investments and Georg Fischer enter Egypt's growing gas and water distribution market in joint venture

摘要

CORYS INVESTMENTS HAS announced a joint venture with GF Piping Systems for natural gas infrastructure. The venture in which Corys and GF will take the industrial lead, will invest in a major production site for plastic pipes to participate in the Egyptian gas and water distribution market. Egypt is undergoing a major governmental initiative to develop its gas and water infrastructure. In 2018, more than 1.3 million households were connected to the network. According to Egyptian government forecasts, the plan is for a similar number to be connected to the gas distribution network each year.