Egypt’s Engineering Industries Export Council has announced the signing of a contract worth £12 millon ($18 million) between six Egyptian steel companies and a British company in the field of metal forming, a report said.

The Egyptian companies involved are: Milad Trading Company; Duara Corporation; Alex Metal Forming Company; Ahram Security Group; Alnaguly Company; and Comex Group, added the Daily News Egypt report.

The name of the British company has not been released by the council, but they revealed that the deal has been set up for a period of five years, depending on the Egyptian partners’ commitment to meeting their obligations under the arrangement, said the report.

The deal was arranged as part of the council’s strategy to encourage exports to Britain, in cooperation with the Egyptian commercial representation in London.