Exciting News: Egypt to host Black & Decker’s first investment outside the US and Europe!
Hussam Heiba, CEO of the General Authority for Investment and Free Zones, met with a delegation from Black & Decker to discuss setting up the first factory in the Middle East and Africa for producing electrical equipment and tools. This move aims to meet local market demands and position Egypt as a key export hub in the region.
The CEO assured Black & Decker of all necessary incentives and facilities for a smooth establishment process, enhancing technology transfer and boosting Egypt’s manufacturing capabilities.
Minister of Investment and International Trade, Hassan Al-Khatib, also discussed strengthening economic ties with Bahrain, emphasizing the importance of joint efforts for mutual economic growth.
This collaboration signifies a major stride towards economic prosperity for both countries, fostering increased investment and trade relations.
Main image credit: USA Today website.
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