Cairo – Mubasher: Procter & Gamble Company (P&G) is looking to inject more than $50 million worth of investments in the Egyptian market by the end of 2021 by setting up a new production line for protective masks, the regional director of P&G for the MENA region, Tamer Hamed, revealed.

The company also aims to expand its production processes in its two existing factories in the 6th of October City, Hamed added in a statement released by the General Authority for Investment and Free Zones (GAFI) on Sunday.

The total value of the company’s investments in the most populous Arab nation exceeded EGP 3.5 billion, he noted.

P&G’s annual exports from Egypt surpass $200 million to more than 35 countries.

In addition, the company created about 1,300 direct jobs and 10,000 indirect jobs in the Egyptian market.

Source: Mubasher

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