INVESTMENT WATCH - French companies including Air Liquide and L'Oréal are looking expand their investments in Egypt, according to a an Investment Ministry statement. Air Liquide will invest as much as EGP 2 bn in the coming three years and L’Oreal has allocated some EUR 50 mn to build a Cairo-based facility that it hopes will become an export hub for the MENA region, the companies told Minister Sahar Nasr during a meeting in Cairo. Also on the list was Groupe SEB, which said it would invest more than EUR 30 mn in FY2018-19. A number of other companies — including Schneider Electric, Carrefour, NAOS, Mortimer Harvey, Edison, Sanofi, Credit Agricole Bank — also said they were eyeing potential investments, the ministry suggested.

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