Edita Food Industries plans to export its products to Saudi Arabia and the UAE this year.
The company will begin exporting to the Moroccan market after the Islamic holy month of Ramadan, investor relations director Menna Shams El-Din told Almal News.
The Cairo-based confectioner will invest around $10 million to $20 million in Morocco that will be financed through a loan from banks, Shams El-Din added.
The producer of Twinkies in Egypt aims to domestically invest around EGP 180 million this year in production operations, she highlighted.
Edita had announced last March signing a partnership contract with Dislog Group to build a food factory in Morocco.