# Paşabahçe to invest $100M in Egypt, acquires glass manufacturing company

Turkish glass manufacturer Paşabahçe will invest $100 million in the Egyptian market, including the acquisition of an Egyptian glass manufacturing company for $50 million. The investment is expected to create 1,200 jobs.

- Type: Investment
- Announced: 2017-07-12
- Where: Egypt, Egypt
- Value: $100.0M
- Jobs: 1,200
- Starts operating: 2018
- Status: announced
- Products: glass products
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Paşabahçe](https://endata.com/companies/25568.md)
- [Paşabahçe](https://endata.com/companies/25568.md) (investor)

## Sources

- [egypttoday.com](https://www.egypttoday.com/Article/3/11402/Turkish-firm-to-invest-100M-in-Egypt), 2017-07-12: "A Turkish glass manufacturing company, Paşabahçe, will invest $100 million in the Egyptian market."
- [glassonline.com](https://www.glassonline.com/pasabahce-acquires-pearl-glass-group-for-50m/), 2017-07-14: "Paşabahçe intends to invest $100m in the Egyptian market as soon as the acquisition deal is completed"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.