Arab Finance: Juhayna Food Industries Company has sponsored the Gulfood 2025 exhibition, the world's largest trade event in the food and beverage (F&B) sector, according to an emailed press release.
The company seeks to enhance its presence in foreign markets, taking advantage of available business opportunities, and building new strategic partnerships with major global investors and distributors.
Mohamed Hammad, External Markets Director at Juhayna said: “Our participation in Gulfood 2025 is a strategic step that reflects our vision towards enhancing the global presence of Juhayna products, especially in the Middle East and Africa markets."
Hammad added that the company aims to achieve sustainable growth in the export sector and increase its market share globally, especially with the growing demand for food products.
Juhayna's export sales recorded $68.9 million during the first nine months of 2024, marking an annual growth rate of 128%. Meanwhile, the gross profits hit EGP 5.9 billion, bringing the profit margin to 32%.
The 30th edition of Gulfood is being held at the Dubai World Trade Center from February 17th to 21st. The event welcomed 10,000 visitors and 5,500 exhibitors.