Minister of Investment inspects factories implementing sustainable processes in Alex

Highlighting Egypt’s commitment to fostering environmentally friendly industrial practices and enhancing export-oriented investments, Minister of Investment and Foreign Trade, Hassan El Khatib, toured several factories at the Alexandria Free Zone on Sunday, with a focus on factories implementing sustainable processes.

The Alexandria Free Zone hosts 417 projects, making it Egypt's largest and most export-orientated free zone.

During his visit, El Khatib emphasized the ministry's strategic initiatives aimed at facilitating a transition to clean energy and providing special incentives for companies engaged in eco-friendly activities, including launching initiatives to utilize solar power.

The investment minister toured Lord International's factories, which implemented cutting-edge technologies supported by the European Bank for Reconstruction and Development to ensure the complete recycling of water and minerals used in production processes, and its recent transition from ammonia to hydrogen in manufacturing blades and shaving machines.

Lord International generates a significant portion of its energy from solar sources, according to the statement, and is set to launch the world's first fully recyclable shaver in late 2024, marking a significant milestone in sustainable product innovation.

El Khatib also inspected the operations of Alex Apparels, one of the country’s exporters of ready-to-wear garments to the United States.

The company has expanded its production facilities significantly in recent years, now covering a total area of 120,000 square meters.