"Samsung" establish its first factory in Egypt with investments of 1.7 billion pounds
An agreement was signed between the government represented by the Ministry of Industry and the Ministry of Investment and Beni Suef Governorate and Samsoj company, to create the company's first plant in the Middle East.
Said Nevine El Shafei, Vice Chairman of the Commission in a speech on behalf of the Minister of Investment Osama Saleh, said that the factory will be built on the area of nearly 3,700 square meters in the area of Abu Radi in Beni Suef, at an investment cost of up to 1.7 billion pounds will provide 1400 direct jobs and 2000 indirect jobs.
Shafie added that the factory is created in three stages, pointing out that it will be the completion of construction of the first phase at the end of 2013, pointing to the project will contribute greatly to the advancement of the industry in Egypt.
He Maher Baybars governor of Beni Suef that area of Beni Suef witness jewelry rebound unprecedented, where you will create 79 projects in various magazines such as factories for the production of sugar and food industries production at an investment of up to 15.1 billion pounds, and will provide approximately 16 thousand jobs.
He Baybars during the signing ceremony a memorandum of understanding establishing a factory Samsung Beni Suef presence Ismail Nagdy Prime Industrial Development Authority on behalf of Hatem Saleh, Minister of Industry and Trade, and Nevin Shafei, Vice Chairman of Investment for Investment Minister Osama Saleh, that neighbor create 24 projects of a total of 79 project cost investment amounted to 3.5 billion pounds.
He Pei Kyung Prime Samsung that Egypt has a geographical location is distinct, pointing out because of that location, the company's management chose Egypt to establish its first factory in the Middle East, pointing to the factory will produce during the first phase of the currency television monitors and LCD, pointing to the project will provide many job opportunities.
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