Edita begins construction of phase one of new plant, investment cost cEGP160 million
Edita Food Industries (EFID.CA) announced that it has started building its newest factory in Sixth of October's Polaris Al-Zamil district. The company announced that it purchased 55,500 square meters of land in 2Q2015 for EGP54 million. The estimated cost of construction and equipment of the factory’s first phase is EGP160 million, which Edita will pay during 2016. The company signed the construction contract with Gama, which has started construction work for a contract worth EGP116 million. (Company Disclosure)
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