{"id":661259,"date":"2025-02-25T00:00:00","date_gmt":"2025-02-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/25\/chinas-haier-plans-to-invest-usd-500-mn-expanding-its-complex-in-tenth-of-ramadan\/"},"modified":"2025-02-25T00:00:00","modified_gmt":"2025-02-25T00:00:00","slug":"chinas-haier-plans-to-invest-usd-500-mn-expanding-its-complex-in-tenth-of-ramadan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/25\/chinas-haier-plans-to-invest-usd-500-mn-expanding-its-complex-in-tenth-of-ramadan\/","title":{"rendered":"China\u2019s Haier plans to invest USD 500 mn expanding its complex in Tenth of Ramadan"},"content":{"rendered":"

Haier to invest USD 500 mn in expanding Tenth of Ramadan complex<\/strong>: <\/strong>Chinese appliance manufacturer Haier plans to inject USD 500 mn over the next five years to expand its industrial complex in Tenth of Ramadan to increase its production capacity 5x, Haier Egypt General Manager Ahmed El Gendi told Al Borsa<\/a>. Haier will acquire additional land through the Industrial Development Authority and begin operating the second phase of the complex in 4Q 2026. <\/p>\n

Remember: <\/strong>Haier laid the foundation stone for the USD 40 mn second phase<\/a> of its eco-industrial complex in Tenth of Ramadan City last September.<\/p>\n

And the preparations for launching the third phase are already underway: <\/strong>The Industrial Development Authority has already allocated 45k sqm for the third phase of the complex, El Gendi said at the time. The third phase will produce 22k air conditioning units a year with an investment of USD 60 mn, El Gendi added.<\/p>\n

Between meeting local demand and exporting: <\/strong>The company plans to export 30% of its output with the remaining 70% allocated to meet domestic demand, El Gendi said, adding that the company has started exporting to a number of countries namely Tunisia and Kenya, with plans to soon tap the Algerian and Jordanian markets. He also mentioned plans to export to central African and European markets.<\/p>\n","protected":false},"excerpt":{"rendered":"

Haier to invest USD 500 mn in expanding Tenth of Ramadan complex: Chinese appliance manufacturer Haier plans to inject USD 500 mn over the next five years to expand its industrial complex in Tenth of Ramadan to increase its production capacity 5x, Haier Egypt General Manager Ahmed El Gendi told Al Borsa. Haier will acquire […]<\/p>\n","protected":false},"author":1,"featured_media":661260,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7272],"tags":[116,72,2432,125,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-661259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-china","tag-enterpriseam","tag-haier","tag-investment-watch","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"02830c0c-7350-4b67-a87d-0d6b68573e82","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/2378.jpg","photo_position":"above","homepage_title":"","full_issue_title":"China\u2019s Haier plans to invest USD 500 mn expanding its complex in Egypt\u2019s Tenth of Ramadan","related_issue":[661249],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.be87fc64-cc59-4335-ad6f-81fd96e6b51b.mp3"},"yoast_head":"\nChina\u2019s Haier plans to invest USD 500 mn expanding its complex in Tenth of Ramadan - 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\/2025\/02\/25\/chinas-haier-plans-to-invest-usd-500-mn-expanding-its-complex-in-tenth-of-ramadan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China\u2019s Haier plans to invest USD 500 mn expanding its complex in Tenth of Ramadan\" \/>\n<meta property=\"og:description\" content=\"Haier to invest USD 500 mn in expanding Tenth of Ramadan complex: Chinese appliance manufacturer Haier plans to inject USD 500 mn over the next five years to expand its industrial complex in Tenth of Ramadan to increase its production capacity 5x, Haier Egypt General Manager Ahmed El Gendi told Al Borsa. 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PLUS: Credit Agricole, Hyundai Rotem, UK Export Finance, ADES, Haier, Islamic Trade Finance Corporation, EgyptAir, Matouk Bassiouny","author":"enterpriseam admin","date":"7 May 2024","format":false,"excerpt":"The company will reportedly pay for the loan in CNY given that a portion of its revenue stream originates from China","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2608.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559725,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/02\/raya-eyes-expansion-efic-plans-fertilizer-production-upgrade\/","url_meta":{"origin":661259,"position":4},"title":"Raya eyes expansion + EFIC plans fertilizer production upgrade","author":"enterpriseam admin","date":"2 February 2021","format":false,"excerpt":"Raya Holding for Financial Investments will invest EGP 400 mn in 2021 to expand into new sectors, CEO Medhat Khalil told Reuters in an interview cited by Al Arabiya. The company will self-finance half of the amount and is lining up bank finance for the rest, he said.Haier Raya kickstarts\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":661305,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/25\/eroglu-garments-to-establish-usd-120-mn-garments-factory-in-qantara-west\/","url_meta":{"origin":661259,"position":5},"title":"Eroglu Garments to establish USD 120 mn garments factory in Qantara West","author":"enterpriseam admin","date":"25 February 2025","format":false,"excerpt":"Good afternoon all you lovely people, and happy Tuesday. We have a busy issue for you today, with all the latest on our newest Turkish textiles investment, the potential drawbacks of space travel, and all the recs you never knew you needed.THE BIG STORY TODAY Eroglu Garments doubles down on\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2449.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/661259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=661259"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/661259\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/661249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/661260"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=661259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=661259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=661259"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=661259"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=661259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}