Egypt Food Industries Co. to Pump EGP 85 mln Investments Within 2014

Holding Company for Food Industries (FIHC), is planning to pump EGP 85 million fresh investments in order to develop 25 consumer complexes and to establish 4 new subsidiaries within the coming year of 2014.

Tarek Shaalan, Head of the food products companies sector at the Holding Company for Food Industries, said his company’s strategy is mainly based on spreading, especially in Upper Egypt and Sinai.

Shaalan has pointed out in an exclusive to Amwal Al Ghad, that it is scheduled to finalize the development of complexes which launched from 2 years ago , so as to comprise 375 consumer complexes with cost up EGP 233 million.

Shaalan has stressed on the availability of goods and meats through the company’s ports within Eid al-Adha season, noting that the prices and cuts campaign which is 25% will be launched within the next week and until the end of the season.