Bosch to increase its investments in Egypt

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Sat, 23 Sep 2017 - 02:03 GMT

Trade Minister Tarek Kabil’s meeting with Bosch’s president Markus Thill – Press photo

Trade Minister Tarek Kabil’s meeting with Bosch’s president Markus Thill – Press photo

CAIRO – 23 September 2017: Bosch, a leading international supplier of technology and services, is considering the establishment of a number of industrial projects in Egypt, Trade Minister Tarek Kabil said Saturday.

He said that the projects will involve several industrial sectors, with the aim of supplying the market with industrial products and exporting them to neighboring countries, especially Africa.

This came during Kabil’s meeting with Markus Thill, Bosch’s President with responsibility for the region Africa, where they reviewed the company’s current and upcoming projects in Egypt.

Kabil said that Bosch is keen on working in Egypt, considering it an important logistical hub in the Middle East and Africa.

He said that the company is “seeking to benefit from the free trade agreements signed between Egypt and a number of countries as well as trade blocs, especially the Common Market for Eastern and Southern Africa (COMESA)”.

Kabil further said that Bosch is now conducting studies on the Egyptian market in preparation for the execution of new projects in the coming period. Thill said that the Egyptian market is important for his company, as one of Africa’s most promising markets, and that the company will increase its investments in Egypt in the coming period.

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