Japan Tobacco International to invest USD40mn in Egypt in 2017
Japan Tobacco International (JTI) is looking to invest USD40mn in Egypt in 2017 to upgrade two Molasses factories in Menoufiya, Chairman Ayman Abbasi said. He added that the company is not facing any FX issues in Egypt, given that it exports 95% of its products to 83 countries. (Al Mal)
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