Fast food chain Cook Door investments in Egypt hit $112mn late-2015

The investments of  the International Company for Food Industries – ICFI (Cook Door) exceeded one billion Egyptian pounds (US$112 million) at the end of 2015, Chairman Osama El-Saied said Monday.

He noted that Cook Door keens on increasing those investments during 2016 to boost its market share beside improving competitiveness of Egyptian products regionally.

The chairman clarified that the company is currently preparing a chemistry and microbiology laboratory to analyse all raw materials and the locally-produced products to make sure that they follow global standards and specifications.

Despite the challenges facing Egyptian investment climate, Cook Door is adopting an investment expansion plan to boost investments through alternative plans besides expanding locally and regionally.

Cook Door is currently employing around 2,900 well-trained workers and employees and targets increasing this number within the upcoming period, the chairman noted.