Egypt’s Nassar inaugurates Unionaire Group production lines with EGP300mln

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Egypt’s Trade Minister, Amr Nassar inaugurates newest Unionaire Group production lines in the field of manufacturing electric appliances with total investments worth 300 million Egyptian pounds.

The group factories are located in the Industrial Zone, 6th Of October City to produce refrigerators  and television screens.

The inauguration ceremony was attended by Chairman of Unionaire Group Mohamed Fathy and the Saudi Partner Sheikh Fayez Gamil Zakzok.

It is worth mentioning that Unionaire Group factories being partially financed through Egyptian-Saudi investments, with Unionaire contributing around 1.5 Egyptian pounds to the project.

The minister clarified that the production lines include 12 new lines in both the refrigerators  and television screens factories with 5 lines for the first and 7 lines for the latter with total investments worth 300 million Egyptian pounds.

Unionair would allocate 50 percent of the two factories for exportation, Nassar added.