PepsiCo Egypt imports $20m in agricultural supplies

PepsiCo has put forward a request to the Ministry of Agriculture for land to cultivate potatoes, according to General Manager of PepsiCo North East Africa and Egypt Ahmed El-Sheikh.

The company put forward the request to be able to produce locally instead of importing.

He announced that the cost of importing seeds will be approximately $20m, and that the ministry is considering the project and will offer technical assistance through ministry laboratories.

El-Sheikh added the company is currently cultivating 5,000 acres and will cooperate with small farmers and 4,000 farms during the next phase. PepsiCo will also buy these farmers’ potato production in accordance with the company’s technical specifications.