GMC Group For Industrial Commercial and Financial Investments plans on investing EGP 165 mn in 2018, President Mohamed Geneidy said in statements picked up by AMAY. The investments include spending EGP 50 mn on increasing production capacity of its factories producing washing machines and freezers and the development of new production lines for other household appliances. The company also plans to invest EGP 100 mn in developing a restaurant complex in Mohandiseen and EGP 15 mn into a commercial space in the Haram area.

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