Samir & Aly to inaugurate USD 10 mn first phase of Badr City factory this week

Stationery house Samir & Aly will this Tuesday inaugurate the first phase of its USD 35 mn office and school supplies factory in Badr City, sales manager Ahmed Abdel Fattah told the local press. The first phase of the factory has cost USD 10 mn, while the USD 25 mn phase will be partially financed by Germany’s Faber Castell, he said. The company is also planning to spend EGP 60 mn to launch four new branches in New Cairo, Maadi, Sixth of October, and Alexandria at the beginning of next year.