In & Out Furniture to establish four new factories worth EUR 92 mn

In & Out Furniture is going to invest EUR 92 mn in building four new furniture manufacturing factories, after the furniture store received supply orders from the United States, Chairman Mohamed El Akshar told Al Mal. El Akshar says In & Out had tapped a local bank open LCs for it to be able to import machinery and equipment, but its request was denied. He says the company is now partnering with a US-based company to build one of the factories.