Japanese Car Component Manufacturer to Open €30 Million Factory in Egypt ...Egypt

Picture from the signing of the contracts between Yazaki and the Fayoum Governorate. Courtesy of the Egyptian Cabinet on Facebook. Yazaki, a Japanese electronic car components manufacturer, signed contracts with the Fayoum Governorate for land to build a EUR 30 million (EGP 1 billion) “first of its kind” factory in the Fayoum Free Investment Zone. The project will “directly and indirectly” create about 3500 jobs for the people of Fayoum, Minister of Local Development Hisham Amna said, according to a statement published by the Egyptian cabinet on Facebook on 24 July. The factory will be built on an area of 34,000 square meters, with construction starting in October of this year and scheduled

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