Egypt’s Prime Minister Dr. Mostafa Madbouli stressed President Abdel-Fattah Al-Sisi’s keenness to make Egypt an international industrial base not only in the Middle East or the African continent but for the whole world.
In a press conference after signing a cooperation agreement with the German Bosch Company for Household Appliances، Madbouli added that he appreciates the German company’s interest to make Egypt one of the most six important centers for the company all over the world.
The agreement aims to set up the first industrial cluster in Egypt at the 10th of Ramadan City.
He added: The complex will be highly developed and will provide employment opportunities for Egyptian youth. It also will enhance training opportunities and cooperation with Egyptian universities.
He added that the German company’s production volume exceeds two million and 600 thousand units per year.
Madbouli confirmed that the company's director assured him of his interest in enhancing investments in Egypt، especially as it represents the gate to Africa and the Middle East.
The company’s head also confirmed that they have 5 major companies around the world and the sixth company will be established in Egypt in the near future.