Domty proposes 5 projects in Arab integrated industrial initiative
Updated 7/28/2022 8:49:00 AM
Arab Finance: Arabian Food Industries Company (Domty) (DOMT) showcased five projects in the integrated industrial initiative between Egypt, the UAE, Jordan, and Bahrain, Alarabiya news reported on July 27th, citing Domty’s Managing Director Mohamed El-Damaty.
The projects aim to localize food industries in these countries, El-Damaty said.
The top executive revealed that his company allocated EGP 120 million for 2022 to invest in new production lines, adding that an investment plan was set for 2023.
It is worth noting that Egypt hosted the higher committee meetings of the integrated industrial partnership from July 23rd to 25th.
Domty is an Egypt-based company engaged in the production and sale of dairy products, including cheese products, such as Tetra Pak cheese, plastic tubes cheese, mozzarella cheese, and spread cheese, as well as milk products and juices.
