INVESTMENT WATCH- Local paper and stationery manufacturer Mintra will be establishing a new plant to produce sports shoes with an initial investment of close to USD 50 mn, Trade and Industry Minister Tarek Kabil said on Friday, Ahram Gate reports. The new facility in Tenth of Ramadan City is expected to begin production by mid-2018, and the company is currently in talks to acquire the necessary equipment. The company will reportedly target domestic and export markets. Egypt presently imports about 85% of all shoes sold nationally, the newspaper says.

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