British American Tobacco plans to invest GBP 30 mn in Egypt over the next 12 months

INVESTMENT WATCH- British American Tobacco is planning to invest GBP 30 mn in Egypt over the next 12 months to add new production lines to its factories, General Manager Steven Harvie announced yesterday. The company plans to focus on marketing its Pall Mall cigarette brand during the coming period, in addition to developing other products, according to Harvie. A portion of the investment will also be used to set up the company’s new head office New Cairo.