Wadi Group Eyes Sales EGP3 billion in FY2014/15

Wadi Holdings (Wadi Group) – a family-owned Lebanese agribusiness company based in Egypt – is targeting sales worth around 3 billion Egyptian pounds (US$419.5 million) during fiscal year of 2014-2015.

From this stance, Wadi Group’s CEO Tony Freiji said his company’s strategy focuses on pumping investments at value of EGP 460 million. The upcoming investments include new expansions in Wadi Group’s river port project through adding a fourth line of storage facilities in order to contain 15.000 tonnes more. The port’s storage capacity would then reach up to 150.000 tonnes.

Furthermore, Freiji revealed to Amwal Al Ghad that the Group also plans to establish a new factory to produce up to 150.000 tonnes of animal feed per year as pursuant to its expansion plan.