Arab Finance: The production line of the Chinese dishwasher manufacturing factory Midea has been officially inaugurated at the China-Egypt TEDA Suez Economic and Trade Cooperation Zone in Ain Sokhna, according to a statement on August 8th.
The factory aims to meet the local market’s demand for home appliances, in addition to exporting to international markets, General Authority for the Suez Canal Economic Zone’s (SCZONE) Chairman Walid Gamal El Dien said.
Spanning a 60,000-square-meter area, the factory was established in 2021, with $25 million in investments. It created 270 job opportunities.