National Integrated Industries Complex Company (NIIC)
The establishment idea of National Integrated Industries Complex Company (NIIC) was a result of intensive experience extended over more than 14 years gained from the dealing with a well known global players in the home appliances sector like; LG Electronics, Samsung Electronics, Daewoo Electronics, and the Chinese giant Haier Appliances Company, as well MEC decided to set up a new state-of-the-art factory under the best international specification specializes in manufacturing electric and electronic home appliances to be the first of its kind in the region with initial investment of US$ 165 million, the new factory would built on a land with area of 150,000 sqm of which 105,000 sqm utilized. Up to date (September 4th, 2008) the first phase of construction is already done, and at the end of the first quarter of 2009 the factory will be operational. With in-house electricity generation station along with existing factories that would be gated to guarantee the safety of employees and properties; with each others they consider as a private industrial state. The new project would supply the top line with around US$ 300 million annually on average with gross profit margin to reach 24% and net profit margin not less than 14%, this project consider as attractive investment opportunity as shown in the feasibility study that covers the technical, financial, Environmental, and marketing aspects under the conservative scenario with internal rate of return hovering around 27% and a net present value of US$ 356 million.
