Beko Egypt inks deal with Hassan Allam Construction to build plant in Egypt
Beko Egypt for Home Appliance, a subsidiary of Arcelik, has signed a deal with Hassan Allam Construction to build its cutting-edge plant in Egypt, according to an emailed press release to Arab Finance on February 2nd.
The plant will strengthen Beko Egypt’s presence in the local market, offering it a variety of high-quality and innovative home appliances.
The establishment of the plant marks the company’s commitment to bolster industry localization in Egypt.
The deal was signed by General Manager of Beko Egypt Umit Günel, Executive Director of Egypt Project, Product Strategy and Portfolio Management Cemil Inan, and CEO of Hassan Allam Construction Mohamed El Dahshoury.
As per the deal, Hassan Allam Construction will be in charge of all civil, architectural, electrical, and mechanical works of the project.
The project is set to span over 114,000 square meters, with a total construction area of 56,000 meters, encompassing the main production area, admin buildings, and other various structures, with delivery set to be in a 10-month period.
“The zero-waste manufacturing facility is designed to adopt sustainability practices, targeting LEED Gold certification in waste management technology, recycling, water saving, clean electrical production, and operating with renewable energy,” the release highlighted.