Egypt welcomes Black & Decker’s first factory in MENA region ...Egypt

Hussam Heiba, CEO of the General Authority for Investment and Free Zones, and a delegation from the American company Black & Decker have discussed Egypt hosting the company’s first investment outside the United States and Europe. This investment will involve setting up the first factory for the production of electrical equipment and tools in the Middle East and Africa, to meet local market needs and strengthen Egypt’s position as a regional export hub. The company’s delegation included Paramesh Venkataswaran, Managing Director for the Middle East and Africa markets,and other senior executives. The CEO of the authority affirmed the provision of all investment incentives and facilities needed

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