Agrocorp Egypt Eyes EGP490mln Exports in 2014

Agrocorp new state-of-the art factory for Agricultural investment is aiming to attain EGP490 million exports within the ongoing year move up by 20% growth rate in compared to 2013, CEO Saif Sadiq revealed.

EGP40 million fresh investments have been pumped in this year in order to increase 20% of the capacities to become 4.5,000 tons of  Artichokes annually, noting that the firm has exported its fully capacities abroad for around 19 countries, Sadiq explained.

Agrocorp exports about 70% from its production to USA through QIZ exports agreement, stressing that the company exports around 95% of its foodstuff through QIZ agreement.

About 15 products of Agrocorp will be entered the domestic market within 4 months, and machines and devices will be bought with latest technologies in the coming period.