Procter & Gamble (P&G) has announced plans to pump over USD 50 mn (EGP 809 mn) into the Egyptian market by the end of 2021 to expand production capacity, Invest-Gate reports.

This will add a new production line to manufacture protective face masks and expand existing lines at each of its two factories in 6th of October City, said Near East Vice President of P&G Tamer Hamed in an official statement on June 21.

To date, the consumer goods giant has invested more than USD 200 mn (EGP 3.24 bn) in the North African country, while exporting USD 200 mn worth of Egypt-made products each year to 35 countries.

Correspondingly, the US-based company has contributed to the creation of at least 1,300 and 10,000 direct and indirect job opportunities in the Egyptian market.