(MENAFN - Daily News Egypt) Feather Invest has plans to inject EGP 95m to develop the Arafa El Gamea company and rehabilitate its products, in addition to help it regain its presence in the Egyptian market after a one-year suspension. This came after its acquisition of 75% of the shares of Arafa El Gamea. Feather Invest's report is working in the field of restructuring investment opportunities and utilising important investment opportunities in the framework of its target to develop industrial sectors, improve the opportunities in theEgyptian economy, and create local jobs in the market. El Kelany stressed that his company's high abilities and good staffenable it to achieve its ambition to become one of the most important industrial investors in Egypt. For his part, Abdel Aziz Arafa, chairperson of Arafa El Gamea, said that the acquisition of the company by Feather Invest came with the consent of the Arafa family and its confidence in Feather to develop the company and help it regain its position in the local market as one of the main producers of foods products.

Source: Daily News Egypt May 04, 2017 05:26 UTC