Say cheese: Saudi dairy giant Almarai inaugurated two new cheese production lines for its dairy and juice subsidiary Beyti, the Tawadul-listed company said in a statement. The Savola Group-owned company framed the EGP 1 bn investment as part of its “strategic vision to expand its regional footprint” and position in the F&B sector.

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The project got the thumbs up from the government: Industry and Transport Minister Kamel El Wazir — who attended the opening ceremony alongside General Authority for Investment and Freezones boss Hossam Heiba — described the project as “particularly significant for expanding local production and is part of the broader vision to position Egypt as a leading regional industrial hub.”

Déjà vu? We first heard about the two new production lines in September following a meeting between Agriculture Minister Alaa Farouk and Beyti CEO Mark Wyllie about the company’s hopes of upping its investment in the country.

Looking ahead: The subsidiary is planning to up its exports to USD 50 mn in 2024, up from USD 35 mn previously.

** Beyti CEO Mark Wyllie was our Manufacturer of the Month earlier this year. Check out the interview here.

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