RGS Egypt eyes new USD 20 mn factory with China’s Sako Power

Egypt’s RGS is in talks with China’s Sako to build a USD 20 mn plant to manufacture solar inverters, with plans to produce solar panels, heaters and energy-saving LED lamps at an integrated industrial complex, RGS CEO Mohamed Ali Ismail told Al Shorouk. Production will meet the needs of the local market in Egypt, and surplus will be exported to African and Middle Eastern markets. Ismail will meet Sako’s CEO this week to continue talks over establishing the industrial complex.