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US$10 million Japanese manufacturing unit advanced to be inbuilt Egypt – NEWPAPER24

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US$10 million Japanese manufacturing unit advanced to be inbuilt Egypt

2021-04-07 05:01:00

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THE WHAT? The Chairman of the Egyptian-Japanese Enterprise Council, Ibrahim Al-Arabi has introduced that Japanese cosmetics agency Saraya is ready to pile US$10 million into the Suez Canal Financial Zone – the primary funding to be made by a Japanese agency within the area, in keeping with a report revealed by Egypt Right this moment.

THE DETAILS The funds will likely be used to construct a manufacturing unit advanced spanning some 20,000 sq. meters, which can produce J-beauty merchandise and sterilization provides below the Saraya title. Some 1,500 jobs will likely be created in consequence.

THE WHY? Japanese-made items are standard in Egypt, per Egypt Right this moment, and it’s hoped that the profitable J-beauty debut will entice additional funding sooner or later.  

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