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JLCC
- January 13, 2025
10th of Ramadan City is one of the most prominent industrial cities in Egypt, as it has become a strategic destination for localizing many global industries, thanks to the golden license that grants facilities to investors. This license aims to attract foreign and local investments and overcome obstacles facing major industrial projects, which enhances Egypt’s position as a regional industrial and commercial center.
In the following lines, Al-Dustour website reviews a number of local and international factories that intend to launch factories in 10th of Ramadan City.
Launching the BSH Home Appliances Factory
In a step that reflects the importance of 10th of Ramadan City as an industrial hub in the region, the Minister of Investment and Foreign Trade, Eng. Hassan Al-Khatib, announced the developments of the BSH Egypt Home Appliances Company project.
The company, which will establish its first factory in Africa, has allocated an investment of 55 million euros to produce gas stoves, with 50% of production allocated for export to the Middle East and African markets.
The Minister pointed out the Ministry’s keenness to provide full support for this promising project, as it will contribute to providing job opportunities and enhancing the competitiveness of the Egyptian market, stressing that the Tenth of Ramadan has become a preferred destination for investors thanks to Egypt’s strategic location, the availability of qualified labor and the appropriate infrastructure.
For his part, Luis Alvarez, CEO of BSH Egypt, explained that choosing Egypt came as a result of its competitive advantages, stressing the importance of the project, which is scheduled to open next month.
Egypt is an attractive investment destination
The Minister of Investment explained that Egypt seeks to become a major industrial center in the region through initiatives such as the Golden License. He added that the Egyptian market is distinguished by exceptional features, including a geographical location that is located in the middle of three continents, multiple trade agreements, and a qualified labor base.
The Minister pointed out that the state continues to provide incentives to investors, especially in light of the economic reforms that have improved the business environment in the country.
Global Projects
Investments were not limited to local companies, but also included global companies. As part of a previous visit by the Minister of Investment and Foreign Trade to Germany, he held meetings with officials from leading German companies, such as Belchem, a company specializing in flame-resistant fibers, which plans to establish an integrated factory in Egypt with an investment cost of up to 30 million euros.
The German company Cube also announced its intention to establish a factory to manufacture bicycle parts in 10th of Ramadan, targeting the production of 300,000 pieces annually.
Localizing the automotive industry
In a related context, the minister held talks with the Tunisian company “Coffee Cap”, a leading manufacturer of electrical cables for cars. The project, which will be implemented with investments of up to $88 million by 2027, represents a major step towards localizing the automotive industry and its feeding industries in Egypt, which will contribute to boosting the sector’s exports.
Minister of Investment: We are working on preparing new standards that reflect the state’s aspirations to develop exports
Continuous efforts to attract foreign investments
The minister’s previous visits to Germany and Turkey highlighted the efforts made to attract foreign capital, and these visits are expected to lead to strategic partnerships, such as establishing new factories for renewable energy, ready-made garments, and furniture, which enhances Egypt’s position as a global industrial and commercial hub.
9 new golden licenses for strategic projects
As part of the state’s efforts to attract investments, Engineer Hassan Al-Khatib delivered 9 new golden licenses for a group of strategic projects. The most prominent of these projects are:
- Otsuka Arab Company for Health Nutrients by establishing a factory at a cost of $40 million on an area of 95 thousand square meters to produce health nutrients.
- Nets Land Agricultural Investment Company project at a cost of 1 billion and 392 million pounds to produce nuts and their pastes, with 80% of the production exported to foreign markets.
- Future Fert project for fertilizers and chemicals at a value of $40 million to produce fertilizers and chemicals, while providing 300 job opportunities.