After teaming up with the U.S. Department of Commerce during its last Business Development Mission to Egypt and Morocco, International Chem-Crete Corporation, was the first to sign two new business agreements with leading companies in Egypt and Morocco (click here for more info).
Mr. Al-Rashed, President & CEO of International Chem-Crete Corp., was one of 11 business representatives who teamed up with Maria Cino, Assistant Secretary of Commerce and Director General of the U.S. Commerce Department’s U.S. Commercial Service, on the trade mission to Egypt and Morocco. The May 25-June 2 mission included stops in Cairo, Casablanca, and Rabat.
A representation agreement with Technomechanic, an Egyptian company owned by Osman Group, will enable Chem-Crete to distribute its line of chemical-based products for construction, repair and the rehabilitation of Egypt’s infrastructure.
The agreement also provides for the possibility of manufacturing Chem-Crete’s line of products in Egypt. Al-Rashed also signed an agreement with the Moroccan firm Yanna Holding of Chaabi Group for major construction projects, which are expected to generate 500 –1,000 jobs in Morocco.
“Chem-Crete is an outstanding example of what a business can achieve when it comes to exporting, and I congratulate them,” Cino said. “Businesses like these are the backbone of the U.S. economy, and we will continue to provide the necessary tools to help them boost exports that create high-paying jobs for the people of Texas and across America.