Eng. Essam Al-Naggar the Chairman of the General Organization for Export and Import Control welcomed both:
Mr. Yves Nono - President -Automotive Aftermarket- Bosch Africa.
Mr. Mahmoud Sabry - Regional Director - Automotive Aftermarket.
The company thanked the General Organization for Export and Import Control for its efforts in overcoming the obstacles facing investors, especially in the fields of electrical appliances and auto spare parts. Experiences and training will also be exchanged between the company and GOEIC with the aim of settling these industries in Egypt.
It is worth noting that the company has obtained) the Golden License (to invest in Egypt to expand its scope of work in the region and North Africa through local production and export to African countries.
The company also decided to invest an additional 50 million euros in the new factory, which will produce home cookers, which is unique in Egypt and the African continent. The official indicated that the company intends to export about half of the production abroad, thus strengthening Egypt's position as a major industrial center in the region.
This comes within the framework of the efforts of the Ministry of Trade and Industry to localize industry in Egypt, where the General Organization for Export and Import Control is one of the main pillar of the Ministry of Trade and Industry. It also represents a major axis within the ministry's strategy aimed at promoting and developing foreign trade and achieving the objectives of the ministry's plan to reach the value of exports to 100 billion dollars annually.
