Published in: Business

Elsewedy Industrial Development Has Signed An Agreement With Chinese Company Future Wave To Allocate 38,000 Sqm In Sokhna360 For Its First Ceramics Factory In Egypt, Serving The Local Market

Elsewedy Industrial Development signed an agreement with the Chinese company Future Wave to allocate 38,000 square meters in the “SOKHNA360″ to establish its first Egyptian factory for ceramics to serve the Egyptian market.

This partnership aims to enhance trade cooperation between Egypt and China and attract more foreign investments into the Egyptian market with a total investment of $10 million to build the first Chinese ceramics factory in Egypt with the goal of growing the industrial sector and boosting Egyptian exports.

The agreement was signed by Eng. Ahmed Elsewedy, President and CEO of ELSEWEDY ELECTRIC, and Mr. Huang Bin, CEO of Future Wave. and it was witnessed by Eng. Mohamed AlKammah, CEO of Elsewedy Industrial Development.