Barry Callebaut to invest $30m in 1st Egypt plant

By Aya Anwar On Oct 7, 2024

Global chocolate giant Barry Callebaut has announced plans to establish its first plant in Egypt with a $30 million investment - Cabinet

Global chocolate giant Barry Callebaut has announced plans to establish its first plant in Egypt with a $30 million investment. The facility will cater to Egypt’s growing local demand for chocolate while positioning the country as a regional hub for exports to the Middle East and Africa.

The announcement followed a meeting between the General Authority for Investment and Free Zones (GAFI) and Barry Callebaut executives. The company praised Egypt’s improved investment climate, citing streamlined processes and new incentives as key factors in their decision.

Notably, with 66 factories worldwide, Barry Callebaut is a global leader in the chocolate and cocoa industry. This new venture is expected to boost local production, create jobs, and further enhance Egypt’s role as a key player in regional trade.

Attribution: Egyptian Cabinet

Subediting: M. S. Salama