Hayat Egypt eyes investing extra $55mln end-2024

Getty Images

The company’s future investments are estimated at $210 million, which are expected to create 500 direct employment opportunities

Staff Writer, Arab Finance

August 17, 2023

PHOTO

Hayat Egypt, a subsidiary of Türkiye-based fast-moving consumer goods (FMCG) Hayat, is planning to invest a further $55 million until the end of 2024 through opening two factories specialized in non-woven products and tissues, as per an emailed press release.

The company’s future investments are estimated at $210 million, which are expected to create 500 direct employment opportunities.

It is worth noting that the company has invested over $550 million in Egypt so far, in addition to opening five production facilities, providing more than 1,600 direct job opportunities and 900 indirect job opportunities, and rolling out nine of its brands in the Egyptian consumer market.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.