CAIRO 13 August 2024: Prime Minister, Mostafa Madbouly, met Director of Haier Electric Egypt, Ahmed El-Gendy, to follow up on the next stages of the 10th of Ramadan Factories Complex.
Haier Egypt Company plans to invest $165 million in the first and second phases, in addition to $65 million in the third phase, and to provide an additional $50 million to manufacture other products for export, El-Gendy added.
The company’s director plans to produce refrigerator and deep freezer next September inside the company’s factories in the complex that was recently opened on the 10th of Ramadan.
During the meeting, El-Gendy reviewed the latest developments regarding the stages of the company’s integrated industrial complex, and the central air conditioning factory.
He highlighted the company’s strategy for producing VRF systems in Egypt, outlining the different production stages from manufacturing to final assembly, while also discussing specific proposals. This demonstrates a commitment to supporting local manufacturing and industry localization.
El-Gendy expressed the company’s targeted projects during the coming period, taking advantage of the promising investment opportunities available in Egypt.
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