Cargill to invest USD 150 mn in Egypt

INVESTMENT WATCH- US food and agri company Cargill plans to invest USD 150 mn in Egypt in the coming period, according to an Investment Ministry statement that quotes Melvin Menke, Cargill’s general manager in Egypt. Menke’s statements came at a meeting with Investment Minister Sahar Nasr, who met with a number of US companies on Friday. Nasr also sat down with representatives of GE, AbbVie, Johnson & Johnson, Merck, ExxonMobil, Kellogg, JPMorgan Chase bank, and Mastercard, according to a ministry statement.