Madbouly started his visit by inspecting the LG – Egypt factory. He was accompanied by Assem El-Gazzar, Minister of Housing, Utilities and Urban Communities; Hossam Haiba, CEO of the General Authority for Investment and Free Zones; Billy Kim, General Manager of LG Egypt; and LG Egypt Vice President Alaa Omar. The Prime Minister confirmed that his visit to a number of factories comes within the framework of the Egyptian state’s interest in supporting and encouraging the private sector. LG Egypt’s investments amounted to $300m for producing televisions, washing machine, refrigerator, LG Egypt President Alaa Omar has said. Omar added that LG’s production volume reaches approximately 1.5m televisions, which are produced on three production lines, as well as about 500,000 washing machines produced on one production line.


Source:   Daily News Egypt
May 01, 2023 13:36 UTC