Egypt’s Engineering for the Petroleum and Process Industries (ENPPI) is targeting increasing its volume of businesses in Saudi Arabia within 2015, chairman Abdel Naser Salah announced Sunday.
Speaking to Al Arabiya news, Salah also revealed ENPPI’s plans to start its businesses in the UAE soon.
ENPPI’s future plans are designed within the framework of the state’s strategy under the leadership of Egyptian President Abdel Fattah al-Sisi, he noted. The president has commenced such strategy by announcing the new Suez canal project.
The Sisi-led strategy is directed to fix the Egyptian economy through the creation of new job opportunities and implementation of new projects, notably developing refineries and boosting refinery capacity, Salah elaborated.
ENPPI’s volumes of businesses abroad accounts for around 30% of the company’s total turnovers, the Egyptian official added.
ENPPI is 97-percent owned the state Egyptian General Petroleum Company (EGPC), and is one of the largest engineering companies in Egypt.