Beko Egypt for home appliances, a subsidiary of Arçelik, has laid the foundation stone for its first factory in Egypt at the 10th of Ramadan Industrial Zone, with a land allocation of 114,000 sq m. The investment by Beko, which has its headquarters in Turkey, marks a significant milestone and will create more than 2000 jobs. In addition, the factory will develop local supplier ecosystems to deliver sustainable value for all industries while supporting the government’s long-term strategy to drive industrial localisation and establish Egypt as a significant production and export hub to overseas markets.

Scheduled to begin operations by Q4 2023, the ‘zero waste’ plant is projected to manufacture an annual capacity of 1.5 million household appliances, more than 60% planned for export to Europe, the Middle East and Africa as ‘Made in Egypt’, with around $250m in annual export potential. The first phase of the investment will focus on producing eco-friendly cookers and refrigerators.
For further information www.beko.com