Midea: groundbreaking event for new factories in Egypt

Midea Group, established in 1968, and one of the world’s largest home appliance manufacturing companies, which businesses go beyond smart home appliances, is today a leading global high-technology company ranked #278 on the 2023 Fortune Global 500 list.
 
The home appliances giant today announced the launch of its third industrial complex in Egypt in the industrial zone in Sadat City, with investments of $105 million, bringing the volume of Midea Group's investments in the Egyptian market to $247 million and opening the door to approximately 3,900 new job opportunities and exports to all parts of the world.