German Amb. in Cairo Inaugurates Bosch Factory in Egypt
German Ambassador to Egypt Frank Hartmann inaugurated the Bosch state-of-the-art production site in Egypt, the first of its kind in the country, the Middle East, and Africa.
Hartmann noted that BSH, with revenues of 15.6 billion euros, is the first producer of home appliances in Europe, which develops major products under the brand names Bosch, Siemens, and Gaggenau, now opening its doors in Egypt.
In his speech, he said “It is a great honor to stand here tonight under the eyes of Ramses II in the Grand Egyptian Museum and attend the Groundbreaking Event of BSH in Egypt. It is the responsibility towards the proud history of Egypt which brings us here together, to celebrate a milestone for the future economic development of Egypt.”
Hartmann explained that Germany has always been committed to the stable and prosperous development of the Egyptian economy. With 5,5 CV. € Trade in 2022, Germany is one of the largest trade and investment partners for Egypt.
Germany has always been investing in energy and infrastructure, which lays a solid ground for industrial development, according to the German ambassador.
Hartmann highlighted that local industrial production, higher domestic content, and the creation of new export opportunities are key factors to overcome the current crises and strengthen the industrial sector through increased private investment.