Nile Consumer Complexes Company pumps $2.5mn in FY2015-16

The Nile Company for Consumer Complexes aims at injecting investments worth 20 million Egyptian pounds (US$2.5 million) during fiscal year 2015-16, Chairman Mohsen Zaher told Amwal Al Ghad Tuesday

Nile Company’s plan for 2015 includes developing 15 branches, Zaher stated.

He added that the company is set to inaugurate new consumer complex in Gesr Al Suez St. within three months. It is established on the space of 705 meters with investments estimated at 5 million pounds.

Chairman Zaher noted that supply ministry’s plan to upgrade the company within the last period has attracted more citizens to buy from firm’s complexes.

Nile Company owns around 150 branches that provide supply commodities for the consumers, Zaher stated.

Nile Company for Consumer Complexes is a joint stock company and affiliate of the Holding Company for Food Industries.