The Arab Organization for Industrialization confirms its denial of what was published - recently - on a number of news sites on the Internet, and circulated by various social networking sites, that there is a Saudi-Emirati competition to buy shares of Arab Industrialization.

And the Arab Organization for Industrialization, in this regard, confirms that this news is completely false, explaining that the organization's relations with Saudi and Emirati companies and other international companies and institutions are based on partnership and strengthening cooperation in various industrial fields.

The Arab Organization for Industrialization calls upon all media and social networking sites to investigate accuracy before publishing any news about the organization, the industrial backbone of the Egyptian state, by communicating with the General Administration of Relations and Information headed by the Arab Organization for Industrialization.