Morpho S.A. Says EGP500 mln Total Investments in Egypt within 2014

Morpho S.A. a French multinational company of Safran revealed that it is planning to invest EGP500 million in Egypt within the current fiscal year.

Morpho Chairman & CEO Jean-Paul said the Egyptian market is one of the most prominent markets and through it many other countries will be served, and Safran group realizes well the importance of the Egyptian market, and in concern for supporting the company’s activities in general and Egypt in particular.

The general manager of Morpho Egypt, Walid Fouad confirmed that the keenness of the Egyptian government represents in Information and Communication Technology Ministry which imposes to double our efforts inside Egypt, and the upcoming phase will witness huge expansions and the investments will be doubled.