President Sisi, via video conference, witnessed a presentation showcasing several successful new factories from the private sector. The featured factories included ARCOSTEEL, Pharmaplast for medical supplies, Utopia Pharmaceuticals in 10th of Ramadan City, and Beko Egypt for home appliances.

The president listened to explanations from officials at these companies and factories about their key products and developments.

The Managing Director of the Arab Co. For Special Steel (ARCOSTEEL) mentioned that the company added two production lines for wires used in the production of railway sleepers, with a current capacity of 25,000 tons annually over an area of 20,000 square meters, with investments totaling EGP 500 million. He noted that the company aims at adding 28 production lines over an area of 165,000 square meters with investments of EGP 6 billion. This will create 1,500 new job opportunities next year and increase production capacity to 400,000 tons of pre-stressed wires and stranded wires, contributing to the manufacturing of 100% Egyptian sleepers, according to him.

General Director of Marketing and Sales at Pharmaplast for medical supplies George Magdy explained that the new Pharmaplast factory in Borg El Arab represents a significant addition to Egypt's capacity in the medical supplies sector. It is the first of its kind in Egypt, Africa, and the Middle East, specializing in the advanced dressings used for treating bedsores, diabetic feet, and chronic wounds, he said.

He added that this factory, which was built with investments of EGP 400 million over an area of 7,500 square meters, includes 8 production lines. Moreover, 32 new products related to wound care have been registered with the Egyptian Drug Authority with international-quality standards, he stated.

Chief Financial Officer of Beko Egypt for home appliances Ahmed Dawi stated that the Beko factory complex is the brand's first presence in the region, with investments totaling approximately EGP 110 million on an area of 114,000 square meters.

Dawi added that the complex will produce 1.5 million devices annually, including refrigerators, freezers, dishwashers, and ovens, all of which meet global quality standards, with 50% of the components sourced locally. He emphasized that this is a significant step to support the Egyptian industry by enhancing integration and deepening domestic manufacturing.

Chairman and Managing Director of Utopia Pharmaceuticals Said Kamel said that the factory covers an area of 18,000 square meters, with total investments amounting to EGP 1.35 billion.

He stated that the first phase of the factory, which is operating at full capacity, includes 6 production lines with an annual production capacity of 120 million units. The factory has provided direct employment to 1,100 workers and indirect employment to 300 others. (MORE)

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