Qalaa Holdings inaugurates two factories with combined investments of EGP 427 mn

Qalaa Holdings opens new herb drying facility with EGP 400 mn in investments: EGX-listed Qalaa Holdings inaugurated a new herb drying facility for its subsidiary Dina Farms, completing the EGP 400 mn first phase of the project, according to a statement(pdf). The factory has received the needed international certifications to begin production for export, the release added.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

Qalaa also inaugurated a new EGP 27 mn production line for glass wool pipe insulation at Glass Rock Insulation, a subsidiary of Qalaa’s ASCOM.

Both facilities stand to boost FX revenues: “We expect export revenues from insulation products and the new herb drying facility to reach around USD 40 mn,” Qalaa Holdings founder and chairman Ahmed Heikal said, adding that the company’s export revenues reached USD 47.7 mn in the first nine months of 2024.