Obour Land to increase investments

Meanwhile, Cheese maker Obour Land announced it could reduce prices by up to 15% if the EGP continues to appreciate to rate of EGP 15 per USD 1, Chairman Mohamed Hamed told Al Borsa. He says the market fundamentals remain strong in Egypt and that consumption will continue to grow strongly “as we saw from our experiences since 2003.” Hamed says the company will continue to invest in its current operations and will introduce new products.