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Monday, 29 January 2018

Mars to inaugurate EGP 750 mn expansion by February’s end -Kabil

INVESTMENT WATCH: International confectionery producer Mars will inaugurate two new production lines by the end of February, Trade and Industry Minister Tarek Kabil said, according to Al Mal. The two lines come with a EGP 750 mn investment and help drive exports from its facilities in Egypt to USD 100 mn annually. Kabil says Mars’ investments following the new expansion are estimated to be EGP 2 bn and create 10k jobs directly and indirectly.

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