Beyti is looking to invest EGP 440 mn in Egypt over two years

Dairy and juice producer Beyti plans to invest EGP 440 mn in Egypt over the next two years, split equally between this year and next, CEO Mark Wiley said at a press conference, according to Mubasher. Wiley said earlier this year that the company would invest EGP 250 mn in 2022 to expand the company’s distribution network. The company added six new local production lines this year at a cost of EGP 165 mn, bringing its total number of production lines to 25. Beyti also plans to tap new markets in North Africa and the US in 2023. Saudi dairy product producer Almarai owns and operates the Beyti brand in Egypt as part of a joint venture with PepsiCo.