Egyptian electronics and home appliances maker, El-Araby Group plans to open a new factory at the industrial complex in Upper Egyptian governorate of Beni Sue next October, vice president Ibrahim El Araby said on Wednesday.
With vestments of 200 million Egyptian pounds ($12.5 million), the factory will produce washing machines under several brands, including Toshiba, Tornado, Hoover, and Candy, El Araby said.
“Investments into the company’s complex in Beni Suef have been estimated at 5 billion pounds, he said, adding that 12 factories will be built there.
The complex is spanning over 168,000 square metres, will provide more than 12,000 job opportunities, El Araby added.
These factories will produce washing machines, fans, TVs, air conditioners, and spare parts to support local manufacturing, the vice president said.
Elaraby Group has two industrial complexes in Benha and Quwaysna with more than 22 factories that manufacture electronics and home appliances.