CID, Germany’s Gelita to set up EGP 1 bn gelatin factory in Egypt’s Roubiki City

Cairo for Investment and Development (CID) has signed a contract with Germany’s Gelita AG to set up a EGP 1 bn gelatin factory in the CID-managed Roubiki Leather City, CID finance and administrative department head Hosny Zayed said. The factory will manufacture gelatin, both as a food additive and medical product, by extracting it from leather tanning waste. The facility will be 75% owned by Gelita, with the remaining 25% ownership split between CID and five other local investors. Zayed gave no details on the planned project’s timeline. The project made headlines in 2018 after then-Trade Minister Tarek Kabil held talks with a delegation from the German company to discuss building Egypt’s first gelatin factory.