60% percent of the construction has been completed, and actual production is scheduled to begin in 2027.
The investment cost of the “Yada Egypt” complex amounts to €70 million, and 100% of its production will be exported to IKEA outlets in Europe and the United States.
The project will provide 6350 job opportunities, and the first group of engineers has been sent abroad to localize European technology in Egypt.
In line with the directives of Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade (MIFT Minister), to continuously monitor the progress of industrial projects, Dr. Mohamed Awad, CEO of the General Authority for Investment and Free Zones (GAFI CEO), met with a delegation from PADMA Global for Furniture to discuss accelerating the implementation of the company’s project in Egypt, “YADA Egypt.” The meeting was attended by Mr. Dariusz Piotr Krupa, Chairman of PADMA Global, Mr. Jarosław Dariusz Burkiet, Vice Chairman of PADMA, and Dr. Khaled El-Khamry, General Manager of YADA Egypt.
Mr. Krupa announced that around 60% of the construction works have already been completed, with full readiness expected by the end of the current year and actual production scheduled to start in the first quarter of 2027.
The investment cost of the “YADA Egypt” complex amounts to €70 million. The project is being established on an area of 460,000 square meters in New Alamein City.
The “YADA Egypt” project operates under the private free zones framework and will export 100% of its production to IKEA retail outlets in the European Union and the United States. The project is among those granted the Golden License.
Dr. Mohamed Awad affirmed that GAFI continues to provide full support to the “YADA Egypt” project, which aligns with Egypt’s development strategy. The project will provide 6350 direct and indirect job opportunities, contribute to increasing foreign currency inflows from Egypt’s promising furniture export sector, and support the State’s goal of transforming the North Coast into a key engine of economic development by attracting labor-intensive investments.
In addition, Mr. Krupa stated that Padma Global Furniture is keen on localizing modern furniture manufacturing technologies in Egypt. The company has sent the first group of Egyptian engineers to its factories in Poland—its headquarters and main furniture export hub in Europe—for training on the latest technologies and modern manufacturing methods to be applied in Egypt. He also noted that PADMA won IKEA’s Best Supplier Award last year and aims to sustain this achievement through the contribution of its new industrial complex in Egypt.
