Galina-Agrofreeze to invest EGP 87 mn in its new factory

Frozen fruit and vegetables producer Galina–Agrofreeze is investing EGP 87 mn to build a new factory, Chairman Abdel Wahed Soliman told Al Mal. The company secured a EGP 37 mn loan from Bank of Alexandria and the Saudi Investment Bank and will self-finance the remaining EGP 50 mn, he said. The company announced in February that it had broken ground on the factory.