Juhayna Says to Launch Logistic Centres in Luxor, Aswan Next December

Juhayna Food Industries (JUFO.CA) is set to complete the establishment of two logistic centers and commercial refrigerators for dairy products in Luxor and Aswan next December at total costs of EGP 50 billion.

Eng. Safwan Thabet, Chairman of Juhayna Food Industries (JUFO.CA), has underscored the importance of the project as it is set to provide 1000 job opportunities for the citizens in Upper Egypt.

He further told Amwal Al Ghad that the project is included in the Group’s strategy for the current year to establish industrial ventures in Upper Egypt at total investments of EGP 500 million.

Furthermore, he said Juhayna is currently studying a number of new ventures which is set to come into effect within the upcoming phase.

The New Valley Governorate will capture the lion’s shares of the Group’s upcoming investments, Juhayna Chairman noted.

Last October, Eng. Thabet had announced the Group’s plans to complete the establishment of a new plant in the Sixth of October City by the beginning of 2014, with investments valued at EGP 800 million.