CAIRO – 5 November 2024: Siraj Industrial has entered into a partnership with VESRA MEA LLC-FZ, a licensed Honeywell Lighting manufacturer, to produce Honeywell’s extensive range of lighting solutions, including commercial, residential, and industrial products.
This production venture will be located within the Orascom Industrial Developer area in the Sokhna Industrial Zone, part of the Suez Canal Economic Zone (SCZone).
With an investment of $15 million, Siraj Industrial’s facility, covering 3,700 square meters, is set to produce up to 2 million lighting units.
These will include a variety of indoor and outdoor solutions for residential, industrial, and service applications.
In its initial phase, 30 percent of production will be designated for export to North and East Africa and the Middle East, while the remaining 70 percent will serve the local Egyptian market. This initiative is designed to lower import dependency while providing high-quality, locally branded products to Egyptian consumers.
Prime Minister Mostafa Madbouly highlighted that this project allows VESRA, as a Honeywell licensee, to capitalize on Egypt’s growing market demand by producing competitively priced, high-quality lighting products locally.
This collaboration, he noted, furthers Egypt’s ambition to become a regional manufacturing hub and opens new opportunities for international trade, supporting economic growth and enhancing export levels.
Chairman of SCZone, Walid Gamal El-Din, emphasized that the agreement aligns with the authority’s mission to boost national exports by partnering with prominent global brands seeking regional and international expansion.
He added that the SCZone’s collaboration with foreign investors and strategic partners has attracted significant capital, bolstering Egypt’s economy and solidifying the zone’s status as a leading destination for global economic cooperation.
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