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Madbouly emphasizes localizing engineering industries
The article focused on localizing advanced engineering industries in Egypt through the expansion of the "Flare" factory, operated by Siraj Group. The facility was established on an area of 1,100 square meters with an investment of $7.5 million. Following the expansion, the total area now spans 3,000 square meters, with a total investment of $11 million. The Egyptian government emphasizes the importance of manufacturing modern lighting systems locally to improve market efficiency and strengthen reliance on the national industry in support of national projects and urban development. The Suez Canal Economic Zone Authority continues to pursue attracting and developing industries based on modern technology to meet both local and regional demand. Currently, the factory produces 600,000 lighting fixtures annually and has a high production capacity that satisfies the needs of the local market while supporting expansion into international markets.
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