McDonald’s to invest EGP 200 mn in 12 new branches next year

INVESTMENT WATCH- McDonald’s is investing EGP 200 mn to open 12 new branches next year: Fast food giant McDonald’s Egypt franchise, McDonald’s Manfoods Egypt, is planning to invest more than EGP 200 mn to open 12 new branches across the country in 2021, General Manager Alaa Fathy told Al Mal. The company was forced to temporarily halt construction on four outlets that had begun earlier this year and has seen a decline in revenues. Construction has now resumed and the drop-off in sales has been contained, Fathy said.