Egypt's Mo'men Group is pursuing to establish 8 new branches at EGP 25 million investment costs in 2013. The 8 new branches are divided into 4 branches by the franchise system and the other 4 branches by the Group's private investments. Mohamed Mo'men, Chairman of Mo'men Group, has unveiled that the Group will open 3 branches next week in Cairo, Beheira and Kafr El-Shaikh at total costs of EGP 8 million. Mo'men Group has 7 branches in some Arab countries, said the chairman; adding that the Group aims to open other 5 branches during 2014 in the Arab Gulf States. In an exclusive statement to "Amwal Al Ghad", Mo'men described the investment climate in Egypt as frustrating amid the political instability as the security as well that Egypt facing at the current time. He lauded the Egyptian government for reconciling with a group of businessmen of the former regime; spelling out that this step is the first one to correct the investment path and to send a secure message for the investors.
