Marketing-Börse PLUS - Fachbeiträge zu Marketing und Digitalisierung
print logo

MAFI to establish the Middle East's largest food industries complex in Egypt

MAFI signed contracts with international agricultural companies to establish a $300 million food production complex.
31.12.23 | Source: Ahram Online

The move is a part of the Egyptian government’s efforts to boost the country’s industrial capabilities and exports, according to MAFI Board Chairman Ahmed Abu Hashima.

The complex will produce up to 100,000 tons of food products annually in its first stage, adding that the project will create over 7,000 direct and indirect jobs, Abu Hashima added.

General Manager of JBT, a US technology solutions provider to high-value segments of the food industry, Luca Bordini asserted that the complex will be the largest and most advanced in the Middle East and export to the global market.

Meanwhile, Sunil Kumar, managing director at GEA Middle East, a German corporation specializing in the food and beverages sector, hailed MAFI for establishing one of the largest factories in the world with the latest freeze-drying technology.

The signing ceremony in Cairo was attended by Egypt's Prime Minister Mostafa Madbouly, Minister of Trade and Industry Ahmed Samir, and CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba.