Juhayna Targets Injecting EGP500 mln Investments In Upper Egypt In 2013

Juhayna Food Industries Group is aiming to inject new investments, worth EGP 500 million, in Upper Egypt during 2013.

Safwan Sabet, Chairman of Juhayna Group, said the company allocates 40% of its current investments in Upper Egypt through establishing new investments in Qena, Aswan, Luxor and Al Manyia. These investments would be finished in the first quarter of 2014.

Sabet, in his statements to “Amwal Al Ghad”, said the company will establish a logistics center and refrigerators in Qena at total costs EGP 25 million.

He mentioned the company has finished the main lines of the center in cooperation with some governmental officials in the governorate.