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FINANCIAL NEWS
Bertazzone Italia to invest USD 61.31mn in Egypt
26 May 2016
(MENAFN) Bertazzoni Italia planned to contribute USD 61.31mn in new investments in order to build a factory to produce the latest technology home appliances in Egypt.
Accordingly, the factory introduces a notable addition to the home appliance in the country, and upholding the ministry’s plan to enhance the regional industry.
Additionally, the new factory will offer almost 1,000 direct jobs, while 50 percent of its production will be allocated for exporting to all markets, especially in Egypt.
Moreover, the firm seeks Egypt to be the main goal of the export of their products to various markets and particularly the African market.
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