Bosch eyes establishing factory in Egypt to serve as regional hub

The factory will be a regional hub for the company in the Middle East and Africa, Bosch's Head of Operations in MENA and Africa Konrad Pagenstert, told Egypt's Prime Minister Mostafa Madbouly during a Cairo meeting on Sunday.

The German official added that the corporation looks forward to exporting some 60% of the factory’s production abroad, hailing Egypt’s potentials and special location.