Saudi Savola eyes more expansions into Egypt

Riyadh – Mubasher: Savola Group revealed its plans to increase its investments in Egypt during the coming period, backed by a growth in demand for its products.

Savola aims to expand its investments into Egypt to EGP 28 billion in manufacturing vegetable oils, macaroni, and sugar, said the CEO Bader Al Aujan.

The expansions aim to boost production, develop output lines, and raise industrialisation.

Savola owns five plants in Egypt operating in sugar, edible oils, and macaroni, as well as a large transport and logistics network across the Arab world's most populous country.

The firm provides 3,250 job opportunities and more than 20,000 indirect job opportunities.

Mubasher Contribution Time: 14-Jan-2018 10:27 (GMT)
Mubasher Last Update Time: 14-Jan-2018 10:35 (GMT)

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