Back to the complete issue
Wednesday, 3 January 2018

DANEVO to establish security device plant

Security systems distributor DANEVO is planning to establish a 5,000 sqm factory in either Port Said or the Suez Canal Economic Zone (SCZone) to produce remote control and gate and security systems, the firm’s Regional Director Mohammed Abdullah tells Al Borsa. The plant will aim to source 30% of its production inputs locally in its first year in operation and gradually increase that level over time. No details on investment value or timeline were provided.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2018 Enterprise Ventures LLC.