The Eastern Company seeks to have 250 feddans in the Suez Canal Corridor to set up customs warehouses and production lines for exports.
The tobacco company addressed the Investment Ministry in this regard.
Meanwhile, the company, in a statement, sent to the Egyptian Exchange, said it will sign a memo of understanding with the Railway Authority and the Land and Dry Ports Authority and Mina Real Company to serve the company's needs.
The company's capital is 750 million pounds distributed over 50 million shares with each worth 15 pounds. The market value of the company is estimated at 11.45 billion pounds.