Japan’s Sumitomo to establish its largest factory in Egypt

RIYADH: Japan’s Sumitomo signed an initial agreement with Egypt’s General Authority for Investment and Free Zones to establish its largest factory in the North African country to manufacture automotive wire harnesses.

To be located in the 10th of Ramadan city, the facility will be built over an area of 150,000 sq. meters, according to a Cabinet statement.

It did not disclose the amount of the planned investment.