Raya Foods to invest EUR 7.5 mn over three years

Raya Holding subsidiary Raya Foods is planning to invest EUR 7.5 mn over the next three years to finance its expansion plans, Raya Group CFO Hossam Hussein tells the local press. Hussein did not disclose any details on the company’s planned expansions. The company is also planning on bringing online a new USD 2.5 mn frozen food production line at the beginning of 2020, and began trial operations on the line earlier this month, Hussein says.