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Holding Company for Food Industries to build four factories at EGP 7bn cost

Holding Company for Food Industries to build four factories at EGP 7bn cost
Minister of Supply and Internal Trade, Ali El-Moselhy

Cairo – Mubasher: The Egyptian Minister of Supply and Internal Trade, Ali El-Moselhy, has inaugurated the food development and safety centre affiliated to the Holding Company for Food Industries in Qaha City. 

The centre, developed over 3,600 metres at a cost of EGP 90 million, is the first regional centre covering 27 governorates, El-Moselhy added in a statement on Monday. 

On the sidelines of the inauguration, Chairman of Holding Company for Food Industries, Ahmed Hassanein, revealed a plan to build four factories at an initial cost of EGP 7 billion, including three oil factories in Borg El-Arab, Delta, and Sohag and a detergent factory in El-Amriya, according to the Middle East News Agency (MENA). 

The factories will be built over areas not less than 100,000 square metres (sqm) over a period of three years, Hassanein added.