Beko Egypt reviews investment pans with Minister of Trade and Industry

Beko Egypt reviews investment pans with Minister of Trade and Industry

- Beko and Arçelik Affirm Strategy to Support Investment in Egypt and Localize Household Appliances Industry

- Koç Holding Invited to Visit Egypt for Investment Opportunities in Various Industries

Cairo, Egypt: During the historic visit of the Egyptian Minister of Trade and Industry to Ankara, H.E. Eng. Ahmed Samir met with Mr. Umit Günel, General Manager of Beko Egypt. Günel discussed the company's investments and ambitious plans to expand within the Egyptian market. Beko Egypt is preparing to open its first plant in the industrial city in the 10th of Ramadan area, covering a total area of 114,000 square meters. With investments exceeding 100 million dollars, the plant aims to produce eco-friendly home appliances such as refrigerators and ovens by the end of the year.

Engineer Ahmed Samir also met with Mr. Polat Sen, CFO of Koç Holding Group, the parent company of Arçelik, and Mr. Nihat Biyaz, CTO of Arçelik. Koç Holding was invited to visit Egypt and explore investment opportunities in various industries. The group expressed confidence in the Egyptian investment climate and showed aspirations for more business in the Egyptian markets in the long term.

Eng Ahmed Samir expressed Egypt's desire to strengthen cooperation with Turkey in various areas of common