Wadi Group To Invest EGP 240 mln In Egypt

Wadi Group will pump EGP 240 millions in Egyptian market next December.

The new investments include building a factory for fertilizer and poultry and animals’ feed. It also will be expanded to produce fertilizer for vegetables and fruit in the coming period.

Eng. Musa Feriji, board’s chairman, in his statements to “Amwal Al Ghad”, said this is the first factory in Egypt, as it will start its production next September. The company depends on conducting developed researches to know the latest in feed market, as well knowing the changing demands for fertilizers and feed clients.

The company seeks to continue exerting more efforts in fields of researches and development strategies for creating and presenting its best products.

It was mentioned that Wadi Group and its subordinated companies started in Egypt in 1984, now the Group is being restructured into two sectors; farms sector and industries sector.

Farm sector includes all specialized companies in agriculture and poultry activities. The poultry has fish farms, feed and food products. The industrial sector will include manufacturing glass bottles for filling the food products and beverages.