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Giza appliances chief warns of rising pressures after sales fall over 60%
The electrical appliances market in Giza is experiencing a significant decline in sales of over 60% since mid-August. This downturn is due to rising energy costs, wages, and production supplies, which pose financial challenges for companies and result in revenue losses while fixed obligations remain. The increase in prices of raw materials used in manufacturing, such as galvanized sheet metal and billets, is a major factor driving up costs and affecting the final product prices. Officials are calling for the adoption of balanced solutions that support market stability, preserve employment opportunities, and ensure transparent promotional offers. The goal is to revive activity and stimulate demand, emphasizing the importance of collaboration between the government and the private sector to achieve a balance between maintaining market stability and protecting workers' rights.
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