Raya Foods expects 20% annual growth over 5 years despite coronavirus

Raya Foods, a subsidiary of Raya Holding for Financial Investments, expects an annual growth of 20 percent over the next five years, despite the global challenges of coronavirus (COVID-19), according to its CEO Omar Abdel Aziz.

Abdel Aziz said his company is keen on providing high-quality products, in accordance with the highest food safety standards, to maintain an advantage over competitors.

  He added that the company succeeds in capturing the third position among other food industries firm within three years, and expects to reach first position in the next three years.

The company is focusing its operations in more than one country, most notably in Europe, the US and the Gulf Cooperation Council (GCC) area, he added

It is also expanding in new consumer markets, such as Japan and China, as the company has a competitive advantage in these markets due to the quality of products and outstanding customer service.