Egypt’s electronics and home appliances maker, El-Araby Group announced the completion of establishing an industrial complex in Beni Suef within five years CEO Ibrahim El Araby revealed to Amwal Al Ghad.
He addded that the new complex is on an area of 160,000 meter square with investments worth 304 billion Egptian pounds.
Al Araby added that it will create job opportunities for 11,000 employees, adding that his group is employing 25,000 workers and engineers.
El-Araby Group has two industrial complexes in Benha and Quesna.
Together the two complexes spread across more than 386,000 square metres Benha Complex which was first established in1982 includes three factories and one subsidised manufacturing plant The Quesna Complex which is larger and more recent – inaugurated in 2001– includes nine factories and three subsidised manufacturing plants.
The new complex will include 12 factories whether spare parts or components locally manufactured, adding that the first plants for components will be opened next year and 50 percent of the production will be directed to export.
Arab Group carry out all its industrial in 6 factories governorate of Qaliubiya and 16 factories Menofia 386 thousand square meters equipped with the latest cutting-edge production lines for the manufacture of products conforming to international quality standards, in addition to 15 commercial and administrative branches in Cairo, Port Said, Alexandria and Assiut.