Saudi Arabia’s L’azurde to increase production capacity in Egypt by 20% this year

Saudi Arabia’s L’azurde Company for Jewellery is planning to increase production capacity in Egypt by 10-20 percent this year, executive general manager for Egypt said on Sunday.

Ihab Ibrahim told Amwal Al Ghad that the company’s sales in Egypt surged by 10 percent compared to figures made before the outbreak of the coronavirus pandemic.

“We are targeting more than 10 percent growth in sales this year.” Ibrahim said.

L’azurde is operating in Egypt since 2002 with investments surpassing 5 billion Egyptian pounds ($317.7 million), he added.