Edita plans to invest over EGP 1B in Egyptian market in 2024: Chairman

Updated 12/21/2023 8:19:00 AM
Edita plans to invest over EGP 1B in Egyptian market in 2024: Chairman

Arab Finance: Edita Food Industries is planning to pump more than EGP 1 billion in investments into the local market in 2024, the firm’s Chairman Hani Berzi said in an interview with Asharq Business.

This investment aims at scaling up the company's production capacity to meet the increasing demand in local market, as well as exporting abroad, he noted.

Barzy pointed out that Edita had finalized contracts to supply raw materials for the entire coming year to cope with the current shortage in supplies and their volatile prices.

He also expects that Egypt’s exports of food industries to reach $5.2 billion by the end of 2023.

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