Trade and Industry Minister Amr Nassar and Investment Minister Sahar Nasr met yesterday with representative from Philips Lighting to discuss the company’s plans to expand its local production and exports of LED products, Al Masry Al Youm reports. The company is eyeing export markets in Turkey, Kenya, Uganda, and Rwanda. Philips, which began manufacturing LED products in Egypt in April, is also planning to double production output from its local factory to 4 mn LED lamps per annum by early 2020.
More from Enterprise
Inflation unexpectedly cools, putting rate-cut cycle back in play
The first fall in the headline rate in three months…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
New tax bill heads to House ahead of July rollout
The new package scraps the contentious capital gains tax, overhauls…
Apis Partners has continued appetite for Egypt after closing its third fund at more than double its predecessor
Apis partner Hossam Abou Moussa singles out MNT-Halan as a…