Egypt issues Golden Licenses to Beko Egypt, Bosch to establish home appliance factories

Chairman of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba delivered Saturday two Golden Licenses to foreign investors operating in the sector of home appliances upping the total to 15.

One license was issued for Beko Egypt to establish a factory that would manufacture and assemble home appliances, while the other was received by Bosch whose factory will be specialized in the production of fridges and cookers.