00175.HK Geely Automobile Holdings Ltd

Major Chinese manufacturers such as Haier, Xiaomi, Huawei, Oppo and Geely have strengthened their position in the Egyptian market, leading the home appliance sector and placing a strong emphasis on the commercial and passenger vehicle sector. These companies have achieved greater penetration in the local market, providing high quality products at reasonable prices and offering affordable financing and after-sales services. This trend will not only benefit Egypt, but also China, giving these companies the opportunity to expand in the international market. This new investment by the Chinese giant in Egypt is mainly focused on the home appliance sector, with Haier as the largest investor. Haier's new clean industrial complex is located in the industrial city of Sadat in the Nile Delta and is estimated to generate 10,000 direct jobs for the region. The complex will offer technical support services for home appliance products, enabling consumers to obtain first-class services at an affordab