Madbouly visits Beko’s $100M factory in 10th of Ramadan City tour

gyptian Prime Minister, Mostafa Madbouly visited the Beko Egypt home appliances factory today during his inspection tour in the 10th of Ramadan Industrial City.

 

During the tour, Prime Minister Madbouly reiterated the government's commitment to providing various forms of support and facilitation required for the full completion and operational commencement of the Beko factory, aiming to contribute to providing home appliances for both the local market and export.

 

The factory, covering a total area of 114,000 square meters, represents a significant investment of over $100 million, with Turkish investments, making it one of the first industrial facilities to receive Egypt's Gold License, expediting project implementation.

 

Ahmed Bahgat, Director of Beko Egypt, highlighted the company's gratitude to the Egyptian government for its continuous support in simplifying procedures and overcoming any obstacles investors face, stressing the company's dedication to Egypt's 2030 vision for sustainable development.

 

During the visit, Prime Minister Madbouly inspected the different production lines, including gas cookers and a trial line for refrigerator production, emphasizing the company's commitment to modern technology in line with the state's efforts in industrial localization and foreign investment support.