ElWelely Group to open rice packaging plant before Ramadan

ElWelely Group intends to open its rice packaging plant with total investments worth 30 million Egyptian pounds in Borg El Arab before next Ramadan.

Magdy El Welely, chairperson of the board of directors of the group and deputy chairperson of the Exporters of the Federation of Chambers of Commerce, told Amwal Al Ghad that the new plant is set on 3700 meter square including four production to pack 240 tonnes daily.

El Welely added that the plant is a part of an industrial complex, which includes a screening plant and lentils with a production capacity of 120 tonnes per day and 7 large silos for storing lentils, beans, chickpeas, and maize with total investments of 150 million pounds.

He added that the complex also includes several small silos to reach the total storage capacity of 9000 tonnes, and also includes refrigerators to store vegetables with storage capacities ranging from 7000 to 9000 tonnes.

He pointed out that the company is seeking to expand in the African market during the coming period, where it was agreed with the Export Credit Guarantee Company to ensure the fight to enter the African market.

Guarantee Company to ensure the fight to enter the African market.

The Export Credit Guarantee Company has identified 14 African countries, including Tanzania, Uganda, and Kenya, to provide information services to exporters with all details of the banking system in African countries, as well as data on the importer fees ranging from $90 to $120.