{"id":549166,"date":"2022-09-06T04:00:23","date_gmt":"2022-09-06T04:00:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/06\/americana-to-invest-usd-26-mn-in-egypt\/"},"modified":"2022-09-06T04:00:23","modified_gmt":"2022-09-06T04:00:23","slug":"americana-to-invest-usd-26-mn-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/06\/americana-to-invest-usd-26-mn-in-egypt\/","title":{"rendered":"Americana to invest USD 26 mn in Egypt"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Americana Egypt to expand food production: <\/strong>F&B conglomerate Americana is planning to invest USD 26 mn in new food production lines in Egypt, Vice Chairman Ihab Hajjaj said during a sit-down with General Authority for Investment and Freezones (GAFI) CEO Mohamed Abdel Wahab, cabinet <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0uAZpuqd8BvQQWxyB4M3tihaCEdjapJjpCREqvFLuS1fJg686hXUqzyUW8frBHUjxl\">said<\/a> yesterday. The increased capacity would be directed to the local market and to target new markets for export, especially Gulf countries.<\/p>\n<p><strong>SOUND SMART-<\/strong> Parent company Americana Group, which runs the KFC and Pizza Hut franchises across MENA, earlier this summer tapped several big-name banks to work on its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7842c294-6fdb-4941-a8a2-c1faf757a3c3\">planned IPO<\/a>, which could take the form of a dual listing in Riyadh and Abu Dhabi and raise as much as USD 1 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Americana Egypt to expand food production: F&#038;B conglomerate Americana is planning to invest USD 26 mn in new food production lines in Egypt, Vice Chairman Ihab Hajjaj said during a sit-down with General Authority for Investment and Freezones (GAFI) CEO Mohamed Abdel Wahab, cabinet said yesterday. The increased capacity would be directed to the local [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[2363,72,900,125],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549166","post","type-post","status-publish","format-standard","hentry","category-investment-watch","tag-americana-egypt","tag-enterpriseam","tag-food-and-beverage","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"2121c80f-bbf9-49bb-af7b-8998794e0214","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[549157],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Americana to invest USD 26 mn in Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/06\/americana-to-invest-usd-26-mn-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Americana to invest USD 26 mn in Egypt\" \/>\n<meta property=\"og:description\" content=\"Americana Egypt to expand food production: F&amp;B conglomerate Americana is planning to invest USD 26 mn in new food production lines in Egypt, Vice Chairman Ihab Hajjaj said during a sit-down with General Authority for Investment and Freezones (GAFI) CEO Mohamed Abdel Wahab, cabinet said yesterday. The increased capacity would be directed to the local [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/06\/americana-to-invest-usd-26-mn-in-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-06T04:00:23+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/06\/americana-to-invest-usd-26-mn-in-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/06\/americana-to-invest-usd-26-mn-in-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Americana to invest USD 26 mn in Egypt\",\"datePublished\":\"2022-09-06T04:00:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/06\/americana-to-invest-usd-26-mn-in-egypt\/\"},\"wordCount\":123,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Americana Egypt\",\"EnterpriseAM\",\"food and beverage\",\"investment watch\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/06\/americana-to-invest-usd-26-mn-in-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/06\/americana-to-invest-usd-26-mn-in-egypt\/\",\"name\":\"Americana to invest USD 26 mn in Egypt - 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The company will spend EGP 90 mn opening 23 new branches of its food outlets \u2014 which include Hardee\u2019s, KFC, Costa Coffee, and\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621397,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/07\/almarai-to-launch-usd-75-mn-acquisition-bid-for-egypts-greenland\/","url_meta":{"origin":549166,"position":1},"title":"Almarai to launch USD 75 mn acquisition bid for Egypt\u2019s Greenland?","author":"enterpriseam admin","date":"7 November 2018","format":false,"excerpt":"M&A WATCH- Almarai to launch USD 75 mn bid for Greenland? Saudi dairy product producer Almarai is reportedly looking to acquire Americana Group subsidiary Greenland Group for Food Industries in a transaction worth as much as USD 75 mn, according to a domestic press report citing sources with knowledge of\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602006,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/17\/adeptio-challenges-egypts-fras-rejection-of-americana-mto-decision-appeal\/","url_meta":{"origin":549166,"position":2},"title":"Adeptio challenges Egypt\u2019s FRA\u2019s rejection of Americana MTO decision appeal","author":"enterpriseam admin","date":"17 March 2019","format":false,"excerpt":"M&A WATCH- Alabbar\u2019s Adeptio challenges FRA rejection of its appeal against Americana MTO decision: Adeptio AD Investments, the lead shareholder of Egyptian International Tourism Projects Company\u2019s (Americana Egypt), has filed suit in an administrative court challenging the Financial Regulatory Authority\u2019s (FRA) rejection of its appeal against an order to submit\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594382,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/emirates-nbd-grants-farm-frites-usd-28-mn-loan\/","url_meta":{"origin":549166,"position":3},"title":"Emirates NBD grants Farm Frites USD 28 mn loan","author":"enterpriseam admin","date":"28 October 2019","format":false,"excerpt":"Emirates NBD is extending a USD 28 mn medium-term loan to American Group subsidiary Farm Frites to finance the company\u2019s new USD 40 mn french fry production facility, according to Al Mal.","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601811,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/11\/americana-minority-shareholders-ask-fra-to-file-lawsuit-against-alabbar\/","url_meta":{"origin":549166,"position":4},"title":"Americana minority shareholders ask FRA to file lawsuit against Alabbar","author":"enterpriseam admin","date":"11 March 2019","format":false,"excerpt":"M&A WATCH- Americana\u2019s minority shareholders ask FRA to compel MTO bid by Alabbar: Minority shareholders of Egyptian International Tourism Projects Company (Americana Egypt) are demanding that the Financial Regulatory Authority (FRA) take legal action to compel a company led by Emirati business figure Mohamed Alabbar to make a mandatory tender\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591518,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/09\/adeptio-calls-on-investment-minister-to-intervene-in-americana-egypt-dispute\/","url_meta":{"origin":549166,"position":5},"title":"Adeptio calls on investment minister to intervene in Americana Egypt dispute","author":"enterpriseam admin","date":"9 December 2019","format":false,"excerpt":"M&A WATCH- Adeptio wants Sahar Nasr to intervene in Americana dispute: Adeptio has appealed to Investment Minister Sahar Nasr to intervene in its ongoing dispute with the Egyptian International Tourism Projects Company\u2019s (Americana Egypt) minority shareholders, Al Mal reports. 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