Brazilian Investors Eye EGP10 billion Investments in Egypt’s Poultry Industry

The Poultry Division at Cairo Chamber announced on Thursday that some Brazilian investors are keen to inject investments worth EGP 10 million in poultry industry in Egypt within the current year.

Speaking to Amwal Al Ghad’s Arabic website, Rashad Qurani – Deputy Chief of Poultry Division – revealed ongoing negotiations between Egyptian ministries of investment and industry and Brazilian investors, who seek to obtain facilitations as regards to land allocations and industrial approvals necessary to launch their projects.

However, the meantime spread of bird flu in Egypt may represent a threat against carrying out those investments.