ICEC

Germany’s Bosch mulls more industrial investments in Egypt

Bosch, the German auto components supplier, is studying new projects in Egypt, a step aimed to meet the African market demands, Egyptian Industry Minister Tarek Qabil said Saturday.

Qabil’s statements came after his meeting with Markus Thill, President of Bosch Africa, in Cairo on Saturday.

The projects will involve several industrial sectors, with the aim of supplying the market with industrial products and exporting them to neighboring countries, especially Africa, the Egyptian minister added.

Bosch is keen on working in Egypt, as being an important logistical hub in the Middle East and Africa, he said.

The German company is seeking to benefit from the free trade agreements signed between Egypt and a number of countries as well as trade blocs, especially the Common Market for Eastern and Southern Africa (COMESA). Therefore, Bosch is now conducting studies on the Egyptian market in preparation for the execution of new projects in the coming period, Qabil stated.

Comments
Loading...