General Electric (GE) is willing to localize more of its manufacturing in Egypt, GE Oil and Gas MENAT CEO Rami Qasem told Daily News Egypt. Qasem reportedly said GE is considering establishing a new facility in Egypt to accompany one that is already being established. The DNE piece does not mention what the “facility” would produce, how much it would cost, or where it is located.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Can AI promise Egypt’s lenders more borrowers and fewer bad loans?
Banks are cautious about letting AI judge a borrower. Local…
Egypt’s funds crossed EGP 500 bn in 3Q on retail money and a stalling core
Money market funds stalled while retail piled into equity, index,…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…