Xylem
“Egypt is a larger economy, and growing faster,” Cerwinka told Egypt Today that this is the main reason for picking Egypt for the company’s investment.
He added that the company aims to take advantage of the advantages offered by Egypt, whether from its strategic location or the many trade agreements that allow it to enter the markets with large customs discounts, such as the Agadir Agreement with North African countries, the COMESA Agreement, as well as the the Greater Arab Free Trade Area (GAFTA) agreement.
Manzalawi said during the press conference held to announce the details of the new partnership, that the new factory aims to export 50 percent of production to African countries and the Middle East.
