Madbouly congratulates the company's officials on laying the foundation stone for the company's factory in the 10th of Ramadan area, and confirms: My door is open to any investor
The company officials: The factory will be the largest of its kind in Africa.
The company intends to make Egypt a center for access and distribution of its products to other markets.
Dr. Mostafa Madbouly, Prime Minister, met yesterday evening with Mr. Rudolf Klötscher, BoD member of the BSH Home Appliances, a subsidiary of the German Bosch, with the presence of Mr. Hossam Heiba, GAFI CEO, Mr. Luis Alvarez, CEO and BoD member of BSH Home Appliances-Egypt, Mr. Ahmed Riad, and Mr. Murad Gendi, members of the Executive Board of Directors.
The Prime Minister started the meeting by emphasizing that he had always been supportive of the company since announcing its intention to establish a factory for home appliances in Egypt. “I had been following all the procedures related to the project and ways to solve any obstacles related to it.”, said the Prime Minster.
Dr. Mostafa Madbouly congratulated the company's officials for the groundbreaking ceremony of the home appliances factory in the 10th of Ramadan City, expressing his aspiration for the speedy completion of construction, and then operating the factory as soon as possible.
During the meeting, the member of the Board of Directors of BSH Home Appliances Mr. Rudolf Klotscher thanked the Prime Minister and all government entities concerned with Egypt's investment agenda. He pointed out that the groundbreaking ceremony of the company's factory, which will be held today, in the 10th of Ramadan City represents an important event for the company.
"We look forward to your permanent support during the next stage", Klotscher said to the Prime Minister. He explained that the factory will be the largest of its kind in Africa, and that the company plans to make Egypt a hub which would allow the company's products to penetrate other markets.
The company's officials also confirmed that the next few weeks would witness the start of construction works and that there is a plan being developed to complete such works as soon as possible.
Commenting on this, Prime Minister reaffirmed his full support to the company, pointing out that an Investor Support Unit headed by PM's chief assistant, Ms. Randa Al Menshawi, has been formed to receive investors' complaints and attempt at solving them. Moreover, GAFI plays a major role in overcoming any obstacles faced by investors, PM added. He concluded: “you can communicate with me directly, and my door is open to any and all investors.”
It is worth noting that "BSH" company, a subsidiary of the German company Bosch, will establish a home appliances factory, which will include "gas stoves" in its first phase of production, with investments worth 80 million euros, and a production capacity of 400,000 units annually.
