Al Safa to establish EUR 30 mn packaging plant in Mali

Al Safa for Printing and Packaging is establishing EUR 30 mn packing plant in Mali in partnership with Sadolim Financial Group, chairman of the board of directors Samir Al Baily told Al Borsa. Al Safa’s share in the project is 51% of which EUR 5 mn will come from the company itself and EUR 10 mn through financing from banks. The raw materials, building materials and machinery needed for the plant will be imported from Egypt.