Egyptian Al-Ahram Consumer Complexes to inject $7.3mn in FY2016-17

Egypt’s Al Ahram for Consumer Complexes Company targets injecting investments of 65 million Egyptian pounds (US$7.3 million) during financial year 2016-17.

Al Ahram for Consumer Complexes is an Egyptian joint stock company affiliated to the Egyptian Food Industries Holding Company FIHC.

Chairman Adel El Khatib told Amwal Al Ghad Sunday that the investment plan of the company includes upgrading 40 percent of its branches which is estimated at around 186 branches.

The plan also encompasses preparing and executing the mechanise project that would link firm’s branches with warehouses of the FIHC, the official clarified.

He added that Al-Ahram has signed cooperation protocols with a number of specialised firms on training around 16 workers every 15 days to upgrade their efficiency.

Chairman El Khatib pointed out that Al-Ahram company is currently pumping more commodities and meats into its all branches to prepare for El-Adha Eid to be sold for consumers with affordable prices.