Dr. Mostafa Madbouly, Prime Minister, inspected the factories of the "I-Look" company for electrical tools and security solutions in the investment zone in the city of Mit Ghamr, Dakahlia Governorate, accompanied by Dr. Mohamed Farid, Minister of Investment and Foreign Trade, to review the company's activities, manufacturing stages, and expansion plans in electrical industries and security solutions.
Growing Production Capacities and Local Investments
"I-Look" was established in 2020 and began actual operations in the Mit Ghamr investment zone in 2023, expanding its production units to reach 7 industrial units operating around the clock. The factories are located on a total area of 2,016 square meters, with total investments reaching 400 million EGP, providing about 650 direct job opportunities, with an estimated annual production capacity of about 30 million pieces of electrical tools.
The company relies on local design with the participation of Egyptian engineers to develop a wide range of products including electrical power strips, electrical sockets, connections and cables, chargers, mobile phone accessories, modern lighting products, and electrical security solutions. The local component percentage in some of these products has reached about 80%, with ambitious plans to raise it to 95%.
Innovation and Intellectual Property Rights
The Prime Minister and his accompanying delegation were keen to inspect the quality and testing laboratories in the factory to verify that the products comply with safety standards, electrical loads, and flame resistance. The company has succeeded in registering its innovations and patents in more than 30 countries around the world, including Egypt, the United States, European Union countries, China, Japan, Russia, and Australia, in addition to concluding licensing agreements for those innovations.
Expansion Plans and Future Horizons
The Chairman of the Board of Directors and founder of the company, Engineer Mohamed Ali, reviewed future expansion plans which include adding new production lines specialized in cables, lighting products, and modern charging solutions, including electric vehicle charging cables and mobile device cables. The plans also include establishing a new industrial complex that contributes to providing more than 2,000 additional job opportunities. The Prime Minister directed to expedite the necessary procedures for the factory to obtain an additional "hangar" space to support expansion plans and increase production capacity.