#foreign investment
Swiss chocolatier Barry Callebaut, the world’s top producer of premium chocolate and cocoa products, will open its first chocolate factory in Egypt with a USD 30 million (EGP 900 million) investment, according to a statement from the General Authority for Investment and Free Zones (GAFI). According to Vamsi Mohan, the company’s Regional Head for Asia, Africa, and the Middle East, the new factory will meet the rising demand in Egypt’s local chocolate market while positioning the country as a key…
