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Egypt announces 10 percent increase in electrical appliance prices

This matter is further compounded by the increase in fuel prices, which has negatively impacted domestic transportation costs.

The factory sits within the 200,000-square-meter Haier Egypt Ecological Park, officially opened in May 2024 in the 10th of Ramadan City.

Consumers in Egypt can look forward to a seamless blend of advanced technology, elegant design, and unmatched reliability

The new production line is in the preparation phase, LG Egypt Managing Director Billy Kim told Al Borsa, without disclosing its completion date.

The company aims to increase its installment portfolio to $164mln by the end of 2024.

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