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PM Madbouly inaugurates Beko complex in 10th of Ramadan with $110m investments

Prime Minister Mostafa Madbouly inaugurated the first industrial complex of the Turkish home appliances manufacturer Beko, which covers an area of 14,000 sqm in the industrial zone of 10th of Ramadan City.

Upon his arrival, the Prime Minister unveiled the plaque to mark the opening of the Beko home appliances factory.

He underscored the state’s commitment to the industrial sector at this stage, which reflects the government’s aim for the industrial sector to meet Egypt’s market needs, especially for durable goods and home appliances, while also localizing various industries and deepening industrial production.

The private sector, which the state relies on heavily as a key partner in developmental projects, plays a significant role in this effort.

During the event, the Prime Minister listened to a briefing from Beko officials about the factory’s main product models. They noted that they received the land for the factory in July 2022 and began operations in 2023, thanks to the golden license. This license played a significant role in allowing the project to be implemented and operational in record time, with the construction taking approximately one year.

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