PM: Private sector’s new investments serve national economy

Prime Minister Mostafa Madbouli said any new investments or expansion of the private sector contribute to supporting the national economy.

The premier’s remarks came on Saturday 30/03/2024 during his visit to Fresh Electric factory as part of a tour …

Prime Minister Mostafa Madbouli said any new investments or expansion of the private sector contribute to supporting the national economy.

The premier’s remarks came on Saturday 30/03/2024 during his visit to Fresh Electric factory as part of a tour to the 10th of Ramadan city.

He added that the government works on encouraging investors to inject further investments in the coming period.

Ahmed Nagati, director of Fresh factory, said the firm injected $8 million investments in this factory in 2023 and 2024.

The factory employees 1,200 workers and its production capacity is 600,000 washing machines a year, Nagati added.

Source: State Information Service Egypt