Indian Lulu Group to establish cold storage facilities in Egypt to boost exports

EGYPT – The Indian multinational Lulu Group has announced plans to build cold storage facilities in Egypt, aiming to enhance the country’s export capacity.

This initiative aligns with Lulu’s broader strategy to expand its investments and strengthen its position in Egypt’s retail and logistics sectors.

Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, recently met with a delegation from Lulu International Group to discuss investment policies and economic opportunities.

During the meeting, El-Khatib reiterated Egypt’s commitment to attracting Indian investments by improving the business climate and simplifying procedures for foreign investors.

“The partnership between Egypt and India holds significant potential for strengthening trade, industry, and logistics cooperation,” El-Khatib said.

He emphasized Egypt’s strategic location as an entry point to African and European markets, positioning the country as a key player in global trade.

The government aims to facilitate new projects that drive economic growth and create job opportunities, making Egypt an attractive destination for international investors.

Najmuddin Ibrahim Kuti, CEO of Fair Exports (India) Pvt Ltd, a subsidiary of Lulu Group, expressed interest in broadening the company’s footprint in Egypt.

Lulu Group already operates nine Lulu Hypermarket branches across the country and plans to open more locations to strengthen its local presence.

Kuti detailed plans to develop cold storage facilities that will improve Egypt’s export capabilities, ensuring perishable goods such as fresh fruits, vegetables, meat, and dairy products remain in optimal condition during transit.

“By investing in cold storage infrastructure, we are creating new opportunities for Egyptian products in global markets,” he stated.

Rakesh Ravi, Commercial Director of Lulu International Group, underscored Egypt’s importance in the company’s expansion strategy, particularly in the consumer goods sector.

Fair Exports specializes in exporting food products, including spices and fresh produce, further advancing trade between Egypt and India.

Egypt is not alone in focusing on cold chain infrastructure. Across different regions, businesses are making strategic investments to enhance logistics and export capacity.

For instance, Kenya Railways recently expanded its reefer wagon services to improve the transportation of perishable goods.

By shifting from road to rail transport, the initiative provides exporters with a reliable alternative, reducing delays and ensuring product quality.

Sign up HERE to receive our email newsletters with the latest news and insights from Africa and around the world, and follow us on our WhatsApp channel for updates.