Minister of Trade and Industry Ahmed Samir and Governor of Alexandria Mohamed El-Sharif inaugurated Thursday work on a new mega EGP 500 million electrical industries complex in the Mediterranean governorate.
Around 70 percent of the components used in constructing the new complex will be procured locally, explained Minister Samir according to an official statement.
The new complex, which will be producing parts for bus manufacturing in Egypt, is expected to create 600 new jobs, added Samir.
He noted that the new complex will be producing parts for bus manufacturing in Egypt.
Governor El-Sharif said that the new electrical industries complex, which is located in the second industrial zone in Borg El-Arab, would be the largest complex of its kind in Egypt and the Middle East, according to the statement.
It would be equipped with state-of-the-art technologies, guaranteeing high productivity and quality, added El-Sharif.