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Almenzlaoy Signs Cooperation Protocol with GREE

Source: www.export-egypt.com  3/24/2012, Location: Africa

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"Almenzlaoy Group " announced the signing of cooperation protocol with the GREE international company, in order to manufacture central home air conditioning in Egypt, the size of the joint investment will be around 250 million pounds, Shadi "Almenzlaoy" Vice Chairman of the Board of Directors announced on the sidelines of the conference that tayeba Group of "Almenzlawi" will invest around 150 million pounds during the next five years. The partnership contract provides jobs up to 1500 and 4000 the opportunity as indirect jobs. He explained that the new contract with GREE came to complement the objectives pursued by the company's regional and international levels by attracting major international companies to enter into Egypt in order to assist in providing more job opportunities and attracting new investments to help in advancing the national economy.

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