Arab Finance: LG Electronics Egypt is planning to launch a new fridge production line in Egypt, with investments worth $150 Million at least, Asharq Business reported, citing the firm’s General Manager Billy Kim.
Exports of the company’s factory in the 10th of Ramadan City amounted to $500 million in 2023, Kim noted.
He added that the company exports 70% of production abroad, with the Saudi, Emirati, and African markets being the top receiving markets.
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