El Araby Group mulls new manufacturing complex in Assiut

El Araby Group is mulling setting up a new complex in Assiut to manufacture home appliances, the governorate said, without disclosing details on the expected timeline or project value. El Araby previously said it will inaugurate a EGP 600 mn washing machine factory in 4Q2019 as part of plans to build 12 factories in Beni Suef by 2022. The company had planned to increase its business to USD 100 mn in 2019.