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Chinese Firm Jiangsu Changhong to Invest $20M in Egypt's Smart Manufacturing

Egypt is actively working to attract major global companies in car manufacturing and advanced technology. In a recent development, China's Jiangsu Changhong Smart Equipment company plans to invest $20 million in a new smart manufacturing complex in Egypt, aiming to boost the automotive sector and transfer cutting-edge technology.

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Chinese Firm Jiangsu Changhong to Invest $20M in Egypt's Smart Manufacturing

Eng. Khaled Hashem, Egypt's Minister of Industry, held a big meeting with a delegation from China's Jiangsu Changhong Smart Equipment company. They discussed the company's future investment plans for the Egyptian market. This meeting is part of Egypt's efforts to attract advanced industrial investments and boost local technology. During the meeting, the company's plan to build a state-of-the-art industrial complex in Egypt was reviewed. This project, with an investment of $20 million, will use the latest smart manufacturing technologies. It aims to offer complete solutions for the automotive industry, including setting up production lines, providing smart industrial software systems, and offering consulting services like factory planning and design.

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