ADM eyes new investments in Egypt, could open up production facilities

INVESTMENT WATCH- Global food producer Archer Daniels Midland (ADM) is looking to invest more in Egypt and could open its own facilities here, according to a statement from the Investment and International Cooperation Ministry. Egypt’s selling point for ADM includes the introduction of new legislation, such as the Investment Act and Industrial Permits Act, company officials told Minister Sahar Nasr during a meeting in Cairo. The statement provides no additional detail. We had noted back in July that ADM is one of several private sector suitors that had entered the race to acquire the National Company for Maize Products.