Raya Holding for Financial Investment will establish a EGP 200-300 mn pasta plant by year’s end in partnership with Poland’s Makarony Polskie in which Raya owns a 20% stake, CEO Medhat Khalil tells Al Mal. The factory will be located at the Suez Canal Economic Zone. Raya also plans to acquire a food industries company whose products will be exported, said Khalil, without naming the target of the acquisition.

Tags: