Wadi Holding Eyes EGP285.8mn Investments in Egypt this Year

Wadi Holdings (Wadi Group) – a family-owned Lebanese agribusiness company based in Egypt is planning to pump new investments worth EGP285.8 million within the current year in order to establish a large number of investment projects in agriculture and poultry fields.

The Group’s Vice President and Chief Financial Officer Ramzi Nasrallah asserted that the firm’s strategy includes directing investments worth EGP55 million for developing poultry as well as injecting EGP120 million investments in order to produce Poultry feed in addition to EGP36 million in agricultural sectors and EGP21 million in logistic services in the ongoing year.

The Group is seeking also to expand largely in the Sudanese market this year throughout pumping investments estimated at EGP25 million, noting that it is schedule to base on self-financing with 80% and bank borrowing by 20%.

Moreover, the group achieved distinct growth rates in all sectors alongside entering new fields in this period including establishing new factories for livestock and poultry, expanding in production capacity as well as investing in logistic services.