MAFI to set up private freezone: MAFI Agricultural Produce Industries received the Madbouly cabinet’s greenlight to set up a private freezone, which will host its agri-food industrial complex in Sadat City, according to a cabinet statement.

All to export: The project is expected to produce USD 200 mn worth of agri-food products annually during its first phase, and double that when its second phase is up and running, all of which will be exported, according to the statement.

Remember: MAFI signed contracts with several international companies in January to set up the complex. The complex will host five factories, including concentrates and quick-freezing facilities, and will be carried out in partnership with a yet-to-be-revealed foreign partner.

When can we expect to see the project off the ground? The complex is expected to be operational within 18 months, with a plan to expand the capacity of the five factories and add more factories in a second phase. The complex is targeting B2B clients mainly in Europe, the US, and GCC.

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