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Proctor and Gamble offers to raise investments in Egypt
Egypt-USA, Business, 1/23/2001
Minister of Economy Youssef Boutros Ghali Monday received the Chairman of Proctor & Gamble (P&G) Company.
Speaking to reporters after the meeting, the chairman praised the climate of investments in Egypt.
He said that the company's investments at its factories at 6th of October City amounted to about $ 300 million and provided 1000 job opportunities for Egyptians.
I offered to raising the company's investments to about $ 350 million," he said, adding that expansion in the company's factories in Egypt aim at increasing the volume of exports to Arab and African countries.
It is known that P&G highly produces many kinds of detergents and soaps.
Previous Stories:
More facilities to private sector of building materials
(1/11/2001)
January 4 , 2001 Sainsburry: No withdrawal from Egyptian Market
(1/4/2001)
Egypt's investment climate promising
(12/20/2000)
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