{"id":572848,"date":"2020-07-12T03:55:51","date_gmt":"2020-07-12T03:55:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/12\/mars-wrigley-to-increase-investments-in-egypt-over-the-next-two-years\/"},"modified":"2020-07-12T03:55:51","modified_gmt":"2020-07-12T03:55:51","slug":"mars-wrigley-to-increase-investments-in-egypt-over-the-next-two-years","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/12\/mars-wrigley-to-increase-investments-in-egypt-over-the-next-two-years\/","title":{"rendered":"Mars Wrigley to increase investments in Egypt over the next two years"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>INVESTMENT WATCH- Mars Wrigley is planning to increase its investments in Egypt over <\/strong><strong>the next two years<\/strong>, Mars Egypt Director Dalia Salib said on Thursday, according to a <a href=\"https:\/\/bit.ly\/38MShyh\">cabinet statement<\/a>. Salib did not specify how much the confectioner plans to invest during this time period, but noted that it has committed a total of USD 200 mn in Egypt. Mars is also planning to expand its production lines at its factory in Sixth of October City. The company had invested EGP 2 bn <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/28\/mars-to-double-investments-in-egypt-to-egp-2-bn-ramp-up-exports-from-egypt-to-usd-100-man-by-years-end\/\">in 2018<\/a>.<\/p>\n<p><strong>Meanwhile, <\/strong><strong>Edita has put investment plans on hold until the pandemic subsides<\/strong>, Chairman Hani Berzi told <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=11072020&id=a93cf882-1eaf-4990-bd35-862b554633b6\">Al Shorouk<\/a>. The homegrown snackfood giant was planning to invest EGP 750 mn in its operations in Egypt and Morocco but plans have been largely frozen due to declining sales and falling exports, Berzi said. It will focus on existing products and its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bd6a37f9-53f2-4da1-a0b9-d272168beef8\">under-construction plant in Morocco<\/a>, which is set to begin operations by the end of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INVESTMENT WATCH- Mars Wrigley is planning to increase its investments in Egypt over the next two years, Mars Egypt Director Dalia Salib said on Thursday, according to a cabinet statement. Salib did not specify how much the confectioner plans to invest during this time period, but noted that it has committed a total of USD [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[5490,191,72,2394,5489,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-572848","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-dalia-salib","tag-edita","tag-enterpriseam","tag-hani-berzi","tag-mars-wrigley","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"223dd1d7-6b31-4bdb-89c0-cf48291d2c87","is_powered_by":true,"section_story_id":"6d8c04d4-cba4-4851-9e55-eed1e9d734eb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[572837],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mars Wrigley to increase investments in Egypt over the next two years - 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\/07\/12\/mars-wrigley-to-increase-investments-in-egypt-over-the-next-two-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mars Wrigley to increase investments in Egypt over the next two years\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Mars Wrigley is planning to increase its investments in Egypt over the next two years, Mars Egypt Director Dalia Salib said on Thursday, according to a cabinet statement. Salib did not specify how much the confectioner plans to invest during this time period, but noted that it has committed a total of USD [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/12\/mars-wrigley-to-increase-investments-in-egypt-over-the-next-two-years\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-12T03:55:51+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/12\/mars-wrigley-to-increase-investments-in-egypt-over-the-next-two-years\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/12\/mars-wrigley-to-increase-investments-in-egypt-over-the-next-two-years\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Mars Wrigley to increase investments in Egypt over the next two years\",\"datePublished\":\"2020-07-12T03:55:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/12\/mars-wrigley-to-increase-investments-in-egypt-over-the-next-two-years\/\"},\"wordCount\":168,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Dalia Salib\",\"Edita\",\"EnterpriseAM\",\"Hani Berzi\",\"Mars-Wrigley\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/12\/mars-wrigley-to-increase-investments-in-egypt-over-the-next-two-years\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/12\/mars-wrigley-to-increase-investments-in-egypt-over-the-next-two-years\/\",\"name\":\"Mars Wrigley to increase investments in Egypt over the next two years - 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Abi Nader has worked in the company for 15 years, most recently as the market director for Egypt, Libya and Sudan. Abi Nader and his team doubled the size of the Egypt business over\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648453,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/04\/edita-to-freeze-investments-in-egypt-in-2017-berzi\/","url_meta":{"origin":572848,"position":1},"title":"Edita to freeze investments in Egypt in 2017 -Berzi","author":"enterpriseam admin","date":"4 April 2017","format":false,"excerpt":"Edita will not be channelling new investment into Egypt in 2017, Chairman and CEO Hani Berzi reportedly told Al Mal. We\u2019re taking Al Mal\u2019s report with a teaspoon of salt: The company has consistently telegraphed (as recently as the end of February) that it is on the lookout for either\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604412,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/03\/egypts-edita-food-industries-to-invest-egp-300-350-mn-next-year-to-increase-capacity\/","url_meta":{"origin":572848,"position":2},"title":"Egypt\u2019s Edita Food Industries to invest EGP 300-350 mn next year to increase capacity","author":"enterpriseam admin","date":"3 December 2018","format":false,"excerpt":"Edita is planning to invest EGP 300-350 mn next year to increase production capacity and finance overseas expansion, CEO and Chairman Hani Berzi said, according to Al Mal. We had noted yesterday that market-leading producer of packaged snack foods is targeting a 10% growth in exports over the next two\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":633149,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/28\/mars-to-double-investments-in-egypt-to-egp-2-bn-ramp-up-exports-from-egypt-to-usd-100-man-by-years-end\/","url_meta":{"origin":572848,"position":3},"title":"Mars to double investments in Egypt to EGP 2 bn, ramp up exports from Egypt to USD 100 man by year\u2019s end","author":"enterpriseam admin","date":"28 February 2018","format":false,"excerpt":"INVESTMENT WATCH- Mars to double investment in Egypt to EGP 2 bn this year: Mars Wrigley Confectionery plans on doubling its investments in Egypt to EGP 2 bn by year\u2019s end, which \u201creflect[s] Mars\u2019 confidence in the Egyptian economy,\u201d said Mars Wrigley Confectionery Global President Martin Radvan. 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