{"id":599941,"date":"2019-01-15T04:25:44","date_gmt":"2019-01-15T04:25:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/15\/lg-to-invest-usd-15-mn-in-egypt\/"},"modified":"2019-01-15T04:25:44","modified_gmt":"2019-01-15T04:25:44","slug":"lg-to-invest-usd-15-mn-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/15\/lg-to-invest-usd-15-mn-in-egypt\/","title":{"rendered":"LG to invest USD 15 mn in Egypt"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <b>INVESTMENT WATCH- LG to invest USD 15 mn: <\/b>LG Electronics Egypt will invest as much as USD 15 mn to expand its operations in Egypt, the company\u2019s Egypt boss, Don Kwak said, according to <a href=\"http:\/\/www.miic.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/--%D9%85%D8%AF%D9%8A%D8%B1-%D8%A7%D9%84-%D8%AC%D9%8A-%D9%84%D9%88%D8%B2%D9%8A%D8%B1%D8%A9-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%88%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D8%B6%D8%AE-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-15-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%82%D8%A7%D8%A8%D9%84%D8%A9-%D9%84%D9%84%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-.aspx\">a statement from the Investment Ministry<\/a>. The statement doesn\u2019t specify where the capital is being committed, but LG Egypt Vice President Alaa Omar noted that the company is targeting expanding its microwave assembly facilities. Kwak noted that <b>the company is now exporting 75% of its production<\/b>, with export revenues reaching USD 200 mn. Now is the right time to invest in the country on the back of improvements in infrastructure and the investment climate, he said at a meeting with minister Sahar Nasr on Monday. He added that the company has USD 240 mn currently invested in Egypt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INVESTMENT WATCH- LG to invest USD 15 mn: LG Electronics Egypt will invest as much as USD 15 mn to expand its operations in Egypt, the company\u2019s Egypt boss, Don Kwak said, according to a statement from the Investment Ministry. The statement doesn\u2019t specify where the capital is being committed, but LG Egypt Vice President [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[11325,72,8716,131,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599941","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-alaa-omar","tag-enterpriseam","tag-lg","tag-manufacturing","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"6a9601aa-ccf1-42a8-9283-61155999ff0c","is_powered_by":true,"section_story_id":"96ae7e49-aa02-4c08-8454-b6d546d53600","story_type":"1","photo_url":"","photo_position":"above","related_issue":[599929],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>LG to invest USD 15 mn in Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/15\/lg-to-invest-usd-15-mn-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LG to invest USD 15 mn in Egypt\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- LG to invest USD 15 mn: LG Electronics Egypt will invest as much as USD 15 mn to expand its operations in Egypt, the company\u2019s Egypt boss, Don Kwak said, according to a statement from the Investment Ministry. The statement doesn\u2019t specify where the capital is being committed, but LG Egypt Vice President [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/15\/lg-to-invest-usd-15-mn-in-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-15T04:25:44+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/15\/lg-to-invest-usd-15-mn-in-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/15\/lg-to-invest-usd-15-mn-in-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"LG to invest USD 15 mn in Egypt\",\"datePublished\":\"2019-01-15T04:25:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/15\/lg-to-invest-usd-15-mn-in-egypt\/\"},\"wordCount\":136,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Alaa Omar\",\"EnterpriseAM\",\"LG\",\"Manufacturing\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/15\/lg-to-invest-usd-15-mn-in-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/15\/lg-to-invest-usd-15-mn-in-egypt\/\",\"name\":\"LG to invest USD 15 mn in Egypt - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-01-15T04:25:44+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/15\/lg-to-invest-usd-15-mn-in-egypt\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/15\/lg-to-invest-usd-15-mn-in-egypt\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/15\/lg-to-invest-usd-15-mn-in-egypt\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"LG to invest USD 15 mn in Egypt\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"LG to invest USD 15 mn in Egypt - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/15\/lg-to-invest-usd-15-mn-in-egypt\/","og_locale":"en_US","og_type":"article","og_title":"LG to invest USD 15 mn in Egypt","og_description":"INVESTMENT WATCH- LG to invest USD 15 mn: LG Electronics Egypt will invest as much as USD 15 mn to expand its operations in Egypt, the company\u2019s Egypt boss, Don Kwak said, according to a statement from the Investment Ministry. 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Kwak served as the company\u2019s chief since February 2016, and headed a USD 250 mn expansion in the Tenth of Ramadan City factory that added new TV and washing machine production lines. An\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646776,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/lg-incurred-losses-last-year-still-set-to-invest-locally\/","url_meta":{"origin":599941,"position":1},"title":"LG incurred losses last year, still set to invest locally","author":"enterpriseam admin","date":"22 June 2017","format":false,"excerpt":"LG Egypt incurred losses in 2016 because of the EGP float, Managing Director Don Kwak said, according to Al Mal. Kwak says LG was not \u201ccompensated\u201d for the FX losses the company made during the year. He also noted that the company\u2019s topline also dropped by 50% y-o-y last year.\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574299,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/lg-egypt-to-invest-usd-50-mn-in-manufacturing-facilities-over-the-next-three-years\/","url_meta":{"origin":599941,"position":2},"title":"LG Egypt to invest USD 50 mn in manufacturing facilities over the next three years","author":"enterpriseam admin","date":"6 September 2020","format":false,"excerpt":"INVESTMENT WATCH- LG Egypt to invest USD 50 mn in manufacturing over the coming three years: LG Egypt is planning to invest some USD 10 mn this year to boost its household appliance manufacturing capabilities in addition to committing USD 40 mn over the next three years to add new\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646725,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/21\/lg-to-operate-new-washers-line-within-a-month-targets-usd-250-mn-in-exports\/","url_meta":{"origin":599941,"position":3},"title":"LG to operate new washers line within a month, targets USD 250 mn in exports","author":"enterpriseam admin","date":"21 June 2017","format":false,"excerpt":"LG is begin operations at its new washers production line at its Sixth of October plant within a month, LG Egypt Managing Director Don Kwak tells Al Mal. 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