Greek company to inject $US200 million investments in New Valley

Greek company Orange Wave is set to establish an agricultural, commercial, industrial logistic area in New Valley with investments of $200 million during the first stage, according to chairman of the Internal Trade Development Authority Ibrahim Ashmawy .

The new logistic area will be built on 10,000 feddans, with initial investments at $US50 million and expected to reach

Ashmawy also added that this marks the New Valley’s first foreign investment and covers the growing of oranges, lemons, grapefruit, mandarins, pomegranates, strawberries, tomatoes and some herbs.

A plant will be established to create exportable juices which is anticipated to provide the New Valley and neighboring governorates with 20,000 jobs, he added.

The company is also set to build the New Valley’s first educational agricultural center, teaching the process of manufacturing products and planting through modern scientific methods