News

New Cigarettes Manufacturer

18 Mar 2021

The government is looking to issue a license for cigarette manufacturing (conventional and e-cigarettes) in Egypt, according to confirmed news reports. The bidding conditions include the following key points:

  • Eastern Company (EAST) will own 24% of the new company
  • The facility should have minimum annual production of 15bn sticks
  • If the new company wants to produce lower-tier, mass-consumed cigarettes (priced at EGP18-24/pack), they have to be priced at a 50% premium to EAST’s own brands in the same category
  • Interested bidders can submit an offer in 30 days
  • Existing and new players can bid for the license
  • No additional licences will be offered for 10 years from the date of granting this one (Source: Mubasher, al-Borsa Newspaper, Masrawy, al-Shorouk Newspaper)

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