Nassar, Japan's SARAYA chief mull plans to set up world's largest cosmetics complex in Ain Sokhna
Saturday، 17 November 2018 - 11:36 AM
Minister of Trade and Industry Amr Nassar has discussed with Yusuke Saraya the President of Japan's leading global manufacturer of personal hygiene products SARAYA the company's investment plan in Egypt.
The meeting was held on the sidelines of the 14th international Biological Diversity Conference in Sharm el Sheikh, the ministry said in a statement on Saturday.
The meeting touched on the current investments of the Japanese company in Egypt which amount to about 10 million dollars pumped in an industrial complex that includes three factories.
The first phase of the complex is currently under-establishment. It will be implemented in Ain Sokhna on an area of 20,000 square meters.
The project will be the world's largest complex for manufacturing cosmetics and pharmaceutical industries.
Nassar voiced his ministry's keenness on offering all forms of support to foreign investors who are willing to pump investments in Egypt.
For his part, Saraya asserted that Egypt will represent a major industrial and marketing hub for the company's products on both regional and continental levels.