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Electric Venus Promotes Sustainable Growth in Egypt
Venus Modern Company for Lighting and Electricity has achieved a strategic transformation from a business activity reliant on imports to an integrated industrial entity that contributes to enhancing the resilience of the Egyptian economy. The company aims to reduce dependence on imports by establishing a modern industrial complex in October City. It has focused on manufacturing lighting components, particularly LED technology, which has resulted in the production of over 50 million indoor LED lamps, increased local manufacturing rates to more than 60-70%, and reduced import bills. Its solutions have helped save up to 80% of energy consumption, saving billions of Egyptian pounds. The company has significantly expanded its market share and increased its presence in the African market by exporting weather-resistant products. It also plans to develop smart lighting systems and provide more sustainable and environmentally friendly solutions, thereby supporting the national economy and promoting sustainable development.
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