Japan’s Yazaki to build Fayoum auto parts factory for export: The General Authority for Investment and Freezones has signed an MoU with Japanese auto parts maker Yazaki to establish a EUR 20 mn factory in Fayoum that will export auto parts under freezone rules, a cabinet statement read. The factory is set to create 3k jobs and export EUR 100 mn worth of auto parts annually when production begins in July next year.

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