{"id":568061,"date":"2020-12-16T03:56:48","date_gmt":"2020-12-16T03:56:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/monginis-to-invest-egp-200-mn-over-the-next-two-years-to-expand-their-presence-nationwide\/"},"modified":"2020-12-16T03:56:48","modified_gmt":"2020-12-16T03:56:48","slug":"monginis-to-invest-egp-200-mn-over-the-next-two-years-to-expand-their-presence-nationwide","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/monginis-to-invest-egp-200-mn-over-the-next-two-years-to-expand-their-presence-nationwide\/","title":{"rendered":"Monginis to invest EGP 200 mn over the next two years to expand their presence nationwide"},"content":{"rendered":"

<\/a> Sweets maker <\/strong>Monginis<\/a><\/strong> is planning to invest EGP 200 mn to double their number<\/strong> of stores to 200 by 2022<\/strong>, Business Development Director Osama Soliman told Amwal Al Ghad. Monginis is currently mulling opening seasonal stores in tourism cities such as Hurghada, Ain Sokhna, and Sharm El Sheikh. The company is building a new factory in Sadat City<\/a> to increase their production capacity and support their expansion with the factory set to begin operating by the end of 2021. Monginis was hard hit during the first wave of the pandemic, losing 70% of their overall sales, but has since recovered 80% of their pre-covid levels.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sweets maker Monginis is planning to invest EGP 200 mn to double their number of stores to 200 by 2022, Business Development Director Osama Soliman told Amwal Al Ghad. Monginis is currently mulling opening seasonal stores in tourism cities such as Hurghada, Ain Sokhna, and Sharm El Sheikh. The company is building a new factory […]<\/p>\n","protected":false},"author":1,"featured_media":568062,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[72,125],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-568061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"b16a6e9c-80b9-42ef-be01-b9e1c8f7a82c","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/12\/290.jpg","photo_position":"above","related_issue":[568051],"teaser":"","voice_url":""},"yoast_head":"\nMonginis to invest EGP 200 mn over the next two years to expand their presence nationwide - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/monginis-to-invest-egp-200-mn-over-the-next-two-years-to-expand-their-presence-nationwide\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monginis to invest EGP 200 mn over the next two years to expand their presence nationwide\" \/>\n<meta property=\"og:description\" content=\"Sweets maker Monginis is planning to invest EGP 200 mn to double their number of stores to 200 by 2022, Business Development Director Osama Soliman told Amwal Al Ghad. Monginis is currently mulling opening seasonal stores in tourism cities such as Hurghada, Ain Sokhna, and Sharm El Sheikh. 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The company had been planning to open the factory \u2014 its second in Egypt \u2014 by the end of the year or in early January, after sales\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575388,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/monginis-to-open-sadat-city-factory-in-coming-3-months\/","url_meta":{"origin":568061,"position":1},"title":"Monginis to open Sadat City factory in coming 3 months","author":"enterpriseam admin","date":"13 October 2020","format":false,"excerpt":"Indian sweet maker Monginis will open a EGP 150 mn factory in Sadat City in the next three months, as sales recover from a 70% plunge during the pandemic, commercial director Ahmed Helmy told Hapi Journal. The facility will be the company\u2019s second in Egypt.","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575431,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/14\/your-top-infrastructure-stories-7\/","url_meta":{"origin":568061,"position":2},"title":"Your top infrastructure stories","author":"enterpriseam admin","date":"14 October 2020","format":false,"excerpt":"Your top infrastructure stories for the week include: The Egyptian Chemical Industries (Kima) and Italian Tecnimont have agreed to sign a settlement agreement which would see Tecnimont compensated for losses it suffered from the EGP devaluation during work on the KIMA 2 project, according to the local press.The Suez Canal\u2026","rel":"","context":"In \"devaluation\"","block_context":{"text":"devaluation","link":"https:\/\/enterpriseam.com\/egypt\/tag\/devaluation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546732,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/lots-of-fresh-investment-in-food-pharma-and-alumium\/","url_meta":{"origin":568061,"position":3},"title":"Lots of fresh investment in food, pharma and alumium","author":"enterpriseam admin","date":"26 May 2022","format":false,"excerpt":"Yesterday was a particularly busy day for mid-sized investment news spanning industries from pharma to food and aluminum. Here\u2019s the rundown:Egypt Otsuka plans USD 30 mn factory: The local unit of Japanese pharma company Otsuka plans to invest USD 30 mn in a new factory to produce nutritional supplements and\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594360,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/nestle-to-invest-egp-600-mn-to-set-up-new-mineral-water-factory-in-egypt\/","url_meta":{"origin":568061,"position":4},"title":"Nestl\u00e9 to invest EGP 600 mn to set up new mineral water factory in Egypt","author":"enterpriseam admin","date":"28 October 2019","format":false,"excerpt":"INVESTMENT WATCH- Nestl\u00e9 will invest EGP 600 mn in three years to set up a new bottled water factory, and spend EUR 30 mn next year to add two production lines to its existing facility near Banha, the company\u2019s business executive officer Rasem Dabbas told the press. 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