12 November 2012

Egypt: ? 100 MIllion of European Investments to Set Up Projects in Egypt

Industry and Foreign Trade Minister Hatem Saleh said on Sunday 11/11/2012 that an international firm seeks to establish a number of home electrical appliances projects with €100 million investments in the coming stage in Egypt.

The minister, during a meeting with the firm representatives, noted the government gave a number of investment incentives including supporting exportation and providing power at competitive prices.

Saleh pointed out that Egypt enjoys a large market of 80 million consumers. It has 16 industrial zones and four million skilled workers, he said, adding that the government seeks to lure foreign investments in the strategic sectors including engineering, furniture, foodstuffs, spinning and weaving industries to increase their competitiveness in domestic and foreign markets.

Ads by Google

Copyright © 2012 Egypt State Information Service. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.