INVESTMENT WATCH- Polish group to build EGP 1.5 bn baby formula plant: Poland’s Polva Group plans to build what it’s billing as Egypt’s first industrial-scale infant formula plant in 10 Ramadan City at a total investment cost of c. EGP 1.5 bn, Trade and Industry Ministry Tarek Kabil announced yesterday. Development of the first phase will cost around EGP 600 mn, Kabil said, adding that the project will be financed by Poland’s National Development Bank. Polish businesses are also eyeing new investments in Egypt’s pharma sector, according to the minister.

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