Arab Finance: The Royal Home Engineering Group for the Manufacture of Home Appliances intends to create an industrial complex for electrical appliances with investments of $ 50 million in the city of Tenth of Ramadan within two years, according to Al Borsa newspaper.
The complex will produce about 150 thousand units annually, including refrigerators, coolers, air conditioners, washing machines and stoves as a major product, provided that 70% of production is allocated for export.
Royal Home will finance 65% of the cost of the project through its own resources, while securing the remaining percentage through bank facilities, and currently negotiates with the National Bank of Egypt to obtain the financing required in the pound.
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