Several international companies decided to continue in the Egyptian market despite the current uncertainty and the heavy losses resulting from the current instability, which entered its seventeenth, respectively, without any sign of letting up.
Said a senior official in the form of investment that the international companies informed the Ministry of Investment survival and continuation of pumping investments and provide employment opportunities of targeted projects, pointing out that my company Nestle global food and Metro Carrie Land Cash Vdilta not withdraw from the domestic market and to stay with an infusion of new investments in new projects or directed to repair the losses.
Shirin seven, communications director at the company a macro, the German group refused to withdraw from the market although its exposure to losses exceeded LE 215 million as a result of looting, destruction and burning of her shop, City of Peace, which amounted to losses of approximately 200 million pounds and losses in the branch Qaliubiya about 15 million behind the looting.
It is scheduled to return 500 workers and employees to work in the branch Qaliubiya before end of this month after re-repair and return it to its natural state before the end of this month, the group did not specify a deadline for the restoration of the branch of the city of peace, as underscored Shirin seven.
The head of Nestle Egypt «Soriuch Narinar» that the company will go ahead with investments amounting to about one billion pounds during the next three years under the high growth opportunities, pointing out that the current events taking place in Egypt did not reduce the desire to stay in the local market.
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