Saudi Arabian Almarai Firm, one of many main meals and beverage firms within the Center East, has formally opened two new cheese manufacturing traces at its Egyptian subsidiary Beyti.
Two new cheese manufacturing traces had been inaugurated with an funding of practically USD 20 million (EGP 1 billion), throughout a ceremony on Saturday October 19, attended by a number of high-profile officers, together with Kamel El-Wazir, the Trade and Commerce Minister and the Deputy Prime Minister of Egypt.
The occasion additionally welcomed notable friends reminiscent of Abdul Rahman Al-Dahhas, Deputy Ambassador of Saudi Arabia to Egypt, and Abdullah bin Nasser Al-Badr, CEO of Almarai.
El-Wazir emphasised the significance of this funding, stating it helps the federal government’s targets of accelerating self-sufficiency in meals manufacturing and decreasing reliance on imports.
He additionally famous that the undertaking is essential for enhancing native manufacturing and positioning Egypt as a regional industrial hub for cheese.
Abdullah Al-Badr highlighted that this funding is a key a part of Almarai’s broader technique of enlargement within the Center East area.
He expressed the corporate’s dedication to delivering high-quality merchandise that meet the wants of shoppers in Egypt and past, reinforcing their motto, “High quality You Can Belief.”
Along with growing manufacturing capability, Almarai’s funding goals to generate round USD 50 million (EGP 2 billion) in exports by way of Beyti, additional supporting its development in worldwide markets.
The initiative can also be anticipated to create over 5,550 direct and oblique job alternatives.
