{"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":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":1},"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. The Gulf-based investment consortium wants Nasr to overturn the Financial Regulatory\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":2},"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":572816,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/09\/ernst-young-values-americana-egypts-shares-at-egp-5-apiece\/","url_meta":{"origin":549166,"position":3},"title":"Ernst &#038; Young values Americana Egypt\u2019s shares at EGP 5 apiece","author":"enterpriseam admin","date":"9 July 2020","format":false,"excerpt":"M&A WATCH- Ernst & Young values Americana Egypt\u2019s shares at EGP 5 apiece: Ernst & Young has valued the Egyptian Company for International Touristic Projects\u2019 (Americana Egypt) share price at EGP 5 after it finalized a fair value report, the Financial Regulatory Authority (FRA) said in a filing to the\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":593464,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/28\/adeptio-says-fras-rejection-of-mto-for-americana-egypt-unjustifiable-could-resort-to-legal-action\/","url_meta":{"origin":549166,"position":4},"title":"Adeptio says FRA\u2019s rejection of MTO for Americana Egypt \u201cunjustifiable,\u201d could resort to legal action","author":"enterpriseam admin","date":"28 November 2019","format":false,"excerpt":"M&A WATCH- Adeptio says FRA\u2019s rejection of MTO for Americana Egypt \u201cunjustifiable,\u201d could resort to legal action: The Financial Regulatory Authority\u2019s (FRA) rejection of Gulf investment outfit Adeptio\u2019s mandatory tender offer (MTO) to acquire the Egyptian International Tourism Projects Company (Americana) last week is \u201cunjustifiable,\u201d Adeptio said in a statement\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\/2020\/1\/697.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593187,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/20\/egypts-fra-to-adeptio-your-americana-mto-offer-shall-not-pass\/","url_meta":{"origin":549166,"position":5},"title":"Egypt's FRA to Adeptio: Your Americana MTO offer shall not pass","author":"enterpriseam admin","date":"20 November 2019","format":false,"excerpt":"M&A WATCH- FRA tells Adeptio: Your Americana MTO offer shall not pass: The Financial Regulatory Authority (FRA) has rejected the mandatory tender offer (MTO) from Adeptio to acquire the Egyptian International Tourism Projects Company (Americana), according to a disclosure to the bourse (pdf). 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