Mr Hany Fouad Elesawy has eyes on Egypt’s renewable and Electronic Sector
Mr Hany Fouad Elesawy, GES regional Rep. and JV Partner CEO Conntec EGYPT, Electronic and Security, with his team members Mr Ahmed Ismail, Eng Mahmoud Magdi, Ms Hagar Othman, Mr Mahmoud Magdi
With large International investors are rushing in the Egypt’s hungry electronic multi-Billion dollar market, GES to be in the top 5th imports of electronic and Security Systems, with sales est. in the next 3months passing 74% growth and creating more than 7000 jobs by the end of 2014. GES moves into a very strong electronics’, position in Egypt.
Global electronics player Samsung and Yemen’s Hayel Saeed Anam Group of Companies (HAS) have announced new investments in Egypt with a total value of $100m, a statement from Ministry of Industry and Foreign Trade said.
The Beni Suef factory, which produces televisions and monitors, registered exports with a value of $400m during the first six months of production, which began in June 2013; Samsung plans to mark $1bn in exports in the first year, the statement said.