ArabFinance: The board of directors of Egyptian Media Production City (EMPC) has approved the company’s planning budget for 2022, according to a statement filed to the Egyptian Exchange (EGX).

Under the 2022 budget, the company aims at continuing the upgrade of the media services center, adding new HD machines, develop open areas, and upgrading education systems at the academy.

Moreover, the company is expected to achieve a net profit estimated at EGP 128.44 million in 2022.

EMPC is an Egypt-based company engaged in the media sector. The company provides and leases television, cinema, and media production tools and complementary services to others, as well as produces cultural, drama, and kids shows.