Germany’s BSH to set up home appliances factory in Egypt

INVESTMENT WATCH- Germany’s BSH to set up home appliances factory in Egypt: New Urban Communities Authority (NUCA)’s board of directors has agreed to allocate 10 acres in the Tenth of Ramadan industrial city to Germany’s Bosch und Siemens Hausgeräte (BSH) to set up a home appliances factory, a local news outlet reported. No further details on the facility were provided, but we had noted earlier this year that BSH had plans to establish a EUR 80 mn home appliances factory with a production capacity of 400k units per year.