Dear Sir,
1. On 29.12.2005 we signed a contract with the ministry of investment to rent 3000 sq. meter in Port-Said free zone.
2. Following sites are foreseen for stores and ware houses { 1000 sq. meter in Cairo (Egypt Center) , 2000 sq. meter in Al-Fayoum industrial city (south Cairo) and 2000 sq. in Tanta (middle of Nile Delta)} .
3. Our plan is to assemble in Port-Said Free Zone and to distribute to Egypt with 20% tax for CKD imported parts and to distribute for the rest of the world without tax.
4. Units we intent to assemble are 12000, 18000 and 24000 BTU/Hr. wall mtd.
5. Brand name : 厖厖.
6. Proposal No.1 Estimated cost U.S.$ Charged to
6.1 Land 262500. -
6.2 Factory with assembling 200000. -
6.3 Ware houses 150000. -
6.4 Office equipment 20000. -
6.5 Transport units 30000. -
6.6 First 3 months operation 40000. -
6.7 L/C for CKD 500000. -
Total of U.S. $ 1,202,500.-

We proposed a 49% shares for you and 51% shares for EGA.

or

We proposed a 40% shares for you and 60% shares for EGA.
or

We proposed a 10% shares for know how and payment facility for you and 90% shares for EGA.

Know how means : 2 technicians and 2 administrators.
Payment facility means: payment of L/C for CKD parts is 180 days from each shipment delivery date.

I do hope that you will accept any one of my proposals as any one of them will give you the opportunity to expand rapidly in Africa and the Arab world with the best competitive price.
Yours truly,
Dr.Mahmoud Saleh

Contact Person: Mr.Helal Wafa
Company Name: Egyptian German Industrial Com
Primary Business Type: Manufacturer
Number of Company Employees: 51 - 100 People
Address: 2040 Mearaj City,Cairo,Egypt
Phone: 002-02-5204533
Fax: 002-02-5204535
E-mail: chairman@ega-egypt.com

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