During the press conference, prime minister Madbouly confirmed that the Egyptian government seeks to attract international companies to invest in Egypt.
Prime Minister, Mostafa Madbouly, expressed the government plan to achieve $20 billion l annually, during a press conference today.
Madbouly pointed to the meetings which were held with Japanese and Chinese companies to expand their investments in Egypt, including Chinese Haier group.
The Prime Minister pointed out that with the completion of the three phases of the Haier global company project in Egypt, which are expected to be finalized by the end of 2025, the company’s investments will exceed $500 million.
During the press conference, prime minister Madbouly confirmed that the Egyptian government seeks to attract international companies to invest in Egypt.
He stressed that the pharmaceutical sector will see the end of the crisis within the next few weeks.
Egyptian government is working to sustain the services provided to citizens under the difficult circumstances the world is going through, Madbouly added.
Earlier in September, Madbouly met with CEO of Haier International Group and his accompanying delegation.
Madbouly emphasized the significance of the Haier project for the Egyptian market, highlighting its heavy utilization of local components. The project aims to deliver top-notch products at affordable prices through the establishment of a comprehensive complex, backed by investments totaling $135 million.
The company is currently expanding its investments with a value of $40 million to produce central air conditioning on an area of 40 thousand square meters.
