Beko's new industrial park in Egypt will contribute to the region's economic development and strengthen its position as a global leader in home appliances.
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| Beko's commitment to innovation and sustainability as they expand their operations in Egypt with a new industrial park and export hub. Image Courtesy: Beko |
Istanbul, Türkiye – September 20, 2024:
Global leader in home appliances, Beko, announced the official inauguration of its first industrial park in Egypt. This significant investment marks a major step in Beko's global expansion strategy, highlighting its focus on innovation, sustainability, and regional growth.
The new facility, located in the industrial zone of 10th of Ramadan City, Egypt, spans over 114,000 square meters, with 70,000 square meters dedicated to production. The project represents a $110 million investment and is expected to create significant economic benefits for the region.
The Beko industrial park boasts an annual production capacity of 1.5 million ovens and refrigerators. This increased production capacity caters to the growing demand for Beko appliances in the Middle East and North Africa (MENA) region, positioning Egypt as a key export hub. Additionally, the project is expected to create 2,000 direct and indirect job opportunities, contributing to local employment and economic development.
Beyond production, Beko's industrial park goes the extra mile. It features a dedicated Research & Development (R&D) center, a training academy, quality labs, a showroom, and a space dubbed "The Kitchen" to foster product development talent and advance technological innovation. This commitment to R&D underscores Beko's dedication to providing cutting-edge appliances tailored to the needs of the region.
The launch of this industrial park reflects Beko's strategic focus on the MENA region. With its strong track record in the Egyptian market, Beko is well-positioned to leverage this new facility to further solidify its leadership position within the region.
Beko's commitment to the Egyptian market and the MENA region signifies its long-term vision. The company's investment in advanced production capabilities, job creation, and technological innovation paves the way for sustained growth in the years to come.
The Beko industrial park in Egypt is a testament to the company's dedication to innovation, sustainability, and regional development. By investing in local manufacturing and fostering job creation, Beko is contributing to the economic growth of Egypt and strengthening its position as a leading player in the global home appliances market.