Domty eyes launch of US$13mn new factory

Arabian Food Industries Co (Domty) intends to pump new investments worth 100 million Egyptian pounds (US$12.7 million) to launch new factory, chairman Omar El-Domaty said Sunday.

During the press conference held Sunday, El-Domaty stated that the new factory is set to be established in 6th of October City on total space estimated at 27,000 meters.

The factory is set to operate with the capacity of 300 million packets annually and provide more than 500 job opportunities.

He added that Domty aims at expanding its investments and keep providing products with high-quality for the Egyptian consumers.