What is the story of the largest furniture manufacturing complex in New Alamein, and what will its area be, and has the government started it or not yet, and what is the expected volume of its production to be, and we will see that it will be enough for the local market and we will export it abroad as well.. You will know all these details in the report.. Stay with us. For the end
The story began 24 hours ago, when Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, met with Darek Krupa, Chairman of the Board of Directors of the Polish company PADMA for manufacturing home furniture, and Ahmed Magdy, CEO of the company in Egypt. This was with the aim of discussing the company’s plan to establish an industrial complex for the production of furniture in the city. New Alamein with investments amounting to 70 million euros.
In order for us to know that the Polish company PADMA is one of the largest furniture companies in the world and Europe, and that it operates an industrial complex here in Egypt, this means that the company has big plans in the Egyptian market and that it intends to benefit from Egypt’s geographical location and the capabilities it has in ports and infrastructure in order to also export to Africa and other markets. It is new to the region, and this means that this industrial complex is just the beginning of other investments that the company intends to make in Egypt.
Hence, the Minister of Investment confirmed the ministry’s readiness to provide all possible support to the Polish company, so that it can start the project within a very short period. He also praised the choice of the new city of El Alamein as a launchpad for more investments and future projects for the company in Egypt, because it is of course considered one of the most important and promising cities in the fields of investment. Investment, industry and tourism.
Also, the Egyptian government is currently working on implementing reforms to financial, monetary, and trade policies, in order to attract local and foreign investments, and supply Egyptian exports to foreign markets, all in addition to facilitating Egypt’s foreign trade movement.
We can say that the Egyptian market possesses many distinct investment components and potentials, which of course qualify it to attract more international investments, which includes the availability of qualified workers and distinguished engineering cadres, in addition to competitive wages.
After this speech, Darek Krupa, President of the Polish company, praised the efforts and support provided by the Egyptian government to the business community and foreign investors, and confirmed that construction work had already begun for the industrial complex for manufacturing furniture in New Alamein City, which has a total area of 400 thousand square meters. He also confirmed that The company is now ready to train technical workers and raise their efficiency in preparation for the production process.
As for the start date of the manufacturing process, it will be during the first quarter of 2026. This factory will be sufficient for the local market, and we will also be able to export 100% abroad, especially to European and American markets, because this project targets annual exports of about 250 million euros.
In addition, the volume of investments in the project is 70 million euros as a first phase, with a local component starting from 40%, and will reach 80% over the next 5 years until 100% remains Egyptian.
We do not want to forget that the new Polish furniture manufacturing complex will be part of a large plan to transform Egypt into a furniture export center in the region after completing all the touches in the advanced and new furniture city in Damietta, which was carried out under direct instructions from President Sisi to advance it from a craft to a huge industry that attributes global markets.
