Al-Barakat Company to Launch A New Branch in KSA

Al-Barakat Company for Children Toys has received an offer from Saudi Arabia to open a new branch for the company in Saudi Arabia  with an investment of 10 million Saudi Riyals.

Barakat Safaa, chairman of the company’s board,  expects making profits of 20 million Saudi Riyals during the first two years.

Barakat added that he seeks to establish a factory of children toys in Egypt with an investment value of EGP 10 million. However, he faces a number of obstacles, including that he needs to obtain a license for the factory,  get approval from 32 specialized agencies, and that the factory must be built in an industrial area with highest rates for the meter.