Prime Minister Mostafa Madbouly expressed his aspirations for further cooperation with Chinese companies during a meeting with the CEO of the global Haier group Guo Yonghai and a delegation from Qingdao, Shandong province.

China-based Haier Group is investing around $250 million in Egypt over five years.

Minister of Investment and Foreign Trade Hassan El-Khatib has laid the foundation of the second phase of Haier’s new industrial park in Egypt on September 23rd.

Haier Egypt, a manufacturer of home appliances, will start producing fridges and freezers at its industrial park in the 10th of Ramadan City in September.

Haier Egypt, a manufacturer of home appliances, will commence the establishment of its new industrial park's second phase as of June 1st, the company's General Manager Ahmed Mossad El-Gendi stated.

Haier Egypt, a manufacturer of home appliances, has raised the volume of its investments in its new industrial complex by 25% to reach $168 million.