Mars Egypt to Expand Business in EgyptSource: www.export-egypt.com 1/28/2018, Location: Africa |
|
|
|
|
|
Minister of Trade and Industry Tarek Kabil met with Duncan McCulloch, Mars’ Regional Director for the MENA region to discuss the company’s investment plans in Egypt in the near future.
Kabil said that Mars Egypt will inaugurate two production lines of chocolate at the end of February, with a capital worth EGP 750 million, offering 1,600 direct and indirect jobs. The new expansions, he added, are expected to boost the exports of the renowned chocolate maker to around $100 million annually, raising the value of its investment in Egypt to EGP 2 billion. Mars Egypt’s exports currently stand at $42 million, accounting for 65% of its total production; while its annual sales in the local market amount to EGP 1 billion. “The recent economic reforms carried out by the government have encouraged the company, as well as others, to inject new investments in Egypt; in addition to its unique basket of trade agreements with various countries and economic blocs,” he noted. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 9/19/2024 - Egypt is having a special participation at the IFTM-Top Resa exhibition, which lasts until Sept.19 in Paris.
Egypt’s pavilion has more than... |
Egypt >> 9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's ...
|
|
Egypt >> 9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's ...
|
Egypt >> 9/18/2024 - Benchmark index EGX 30 was up 0.61 percent to 30,342.46 points, with the Shariah index climbing by 0.20 percent to reach 2,879.64 points.
E... |
|
Egypt >> 9/18/2024 - The British company Globeleq is set to collaborate with the Egyptian government in establishing a substantial project for green hydrogen production, a...
|
Egypt >> 9/18/2024 - Deputy Prime Minister and Minister of Health and Population Khaled Abdel Ghaffar asserted the importance of cooperating with South Africa in the field...
|
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | |
