Madbouly discusses Famsun Agrifarm’s expansion plans in Egypt
Updated 9/8/2024 6:20:00 AM
Arab Finance: Prime Minister Mostafa Madbouly met with the Chairman of Famsun Agrifarm Dai Jun to mull ways of increasing the firm's investments in the Egyptian market, as per a statement.
On the sidelines of the Forum on China–Africa Cooperation (FOCAC), Madbouly praised Famsun Agrifam for its significant contributions to Egypt, particularly in the manufacture of food silos.
He highlighted the company’s role in the New Delta Project, which includes silos with a storage capacity of up to 500,000 tons, highlighting the project’s successful implementation and inauguration last May.
Madbouly also emphasized Egypt’s commitment to supporting the company’s ongoing and future projects, which contribute to food security and job creation in Egypt.
For his part, Jun shared details about Famsun Agrifam’s global projects under the Belt and Road Initiative, noting their impact in over 140 countries.
He highlighted the company’s achievements in Egypt, including increasing storage capacity by 5 million tons, reaffirming their commitment to expanding their projects in Egypt, using advanced technologies to enhance agricultural development.
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