EXPANSION-

#1- Six local companies formed the Egyptian Industrial Export Hub to expand into Kenya, Nigeria, Ghana, Al Borsa reports, citing Managing Director Mona Wahba.

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The alliance will begin by exporting building materials and chemical products during the first six months and will later broaden its offerings to match the needs of each market. The alliance is also planning to open a logistics warehouse in Nairobi to encourage Egyptian exports to Kenya, Uganda, Tanzania, and South Sudan, she added.

#2- Our friends at Egypt Kuwait Holding (EKH) have taken their first step into the Saudi market after having secured a 35-year exclusive concession to develop and operate a natural gas distribution network in Dammam through their subsidiary Egyptian Kuwaiti Advanced Operation and Maintenance Company, CEO Jon Rokk told Al Arabiya. The first phase will come at an investment cost of SAR 60.3 mn, which has already been fully deployed.

F&B-

Edita’s frozen food arm Edita Frozen Food Industries has launched a new premium line of frozen croissants, viennoiseries, and breads targeting hotels, restaurants, cafés, and catering services, according to a company statement (pdf). The new line of products will leverage Edita’s nationwide cold-chain distribution network.

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