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FINANCIAL NEWS
Egypt’s Beta Tech to establish new factory
13 Jul 2016
(MENAFN) Beta Technology Egypt aims to establish new factory for the manufacturing of 3D printers and virtual reality (VR) glasses, as well as wireless chargers for laptops.
On the other hand, the firm has obtained security clearance for the building of the factory, which came after a deal was made regarding the nature of the factory’s operations.
Moreover, the value of investments for the new factory is estimated at USD17.98mn, and the firm will contribute USD4.49mn.
Additionally, the factory will be established in one of the free zones in Cairo on an area of 5,000 square meters.
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