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Catalyst Leasing inks EGP 135m deal with Obour Land

Catalyst Leasing inks EGP 135m deal with Obour Land
The deal will support Obour Land’s presence in Egypt

Cairo – Mubasher: Catalyst Leasing, a subsidiary of Catalyst Partners, has signed EGP 135 million contract with Obour Land for Food Industries, according to a statement released on Tuesday.

Under the five-year leasing contract, Catalyst Leasing will provide Obour Land with new high tech machines from multinational food packaging and processing company, Tetra Pak, chief operations officer at Catalyst Partners, Tarek Effat, revealed.

Effat noted that the deal represents 8% of production pines leasing market, as per the statement. 

The deal will support Obour Land’s presence in the Egyptian market and boost its production, which will help increase its market share, the top official remarked.