Middle East based investment firm Al-Hazaa sets up a second flour mill in Egypt

EGYPT – The Jordan based Al-Hazaa Investment Group has added a second flour mill in Egypt, Al-Tajj mill 2 located at the same industrial area as its Al-Tajj mill 1 at 6th October City, a […]

Saudi’s Agricultural and Livestock Investment Co. to acquire grain terminal in Egypt

EGYPT – Saudi Arabia’s Agricultural and Livestock Investment Company (SALIC), a Saudi joint stock company owned by the Public Investment Fund of the Kingdom of Saudi Arabia is looking to acquire a grain terminal in […]

Saudi food company Almarai secures US$100m funding to expand subsidiaries

SAUDI ARABIA – Almaria, the Gulf’s leading dairy company based in Saudi Arabia, has secured US$100 million funding from the European Bank for Reconstruction and Development (EBRD) to boost operations of its subsidiaries. Almaria intends […]

Huhtamaki acquires 70% stake of South Africa based Everest Flexible

SOUTH AFRICA – Huhtamaki, a global food and drinks packaging firm based in Finland is set to acquire a majority stake of 70% in South Africa-based flexible packaging manufacturer, Everest Flexibles for approximately €58 million […]

USDA projects increase in consumption of wheat, corn in Egypt

EGYPT – According the Global Agricultural Information Network report from the U.S. Department of Agriculture (USDA), consumption of wheat and corn in Egypt is forecast to increase in 2019-2020 due to population growth and increase […]

Egypt’s Dina Farms to invest US$22.4m in expanding dairy, feed production capacity

EGYPT – Dina Farms, Egypt’s largest private sector farm has announced a US$24.4 (EGP400 million) investment in its dairy farm and associated segments over the next three years to expand its production capacity. The investment […]

Huhtamaki’s new facility in Egypt receives highest rating in BRC audit

EGYPT – Huhtamaki’s new flexible packaging unit in Egypt has received the highest rating of AA in a British Retail Consortium (BRC) audit earlier this month. The classification “AA” was introduced by the BRC as […]