Kuwait’s Kharafi Group has announced increasing its investments in Egypt in 2011 through expanding existing businesses as well as new projects in the tourism and manufacturing sectors, reports Al-Ahram newspaper citing the group’s chairman.

The expansion plan includes investing LE200 m in the group’s Arab Aluminum plant, which would increase its production capacity to 600 thousand tonnes/month, 20 per cent of which will be directed to the export market. Another LE150 m will be injected into Arab Company for Electronics (manufacturer of computers and Samsung televisions), and will aim at increasing the plant’s production capacity by 50 per cent.