{"id":568559,"date":"2020-11-15T04:08:06","date_gmt":"2020-11-15T04:08:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/15\/cairo-3a-to-invest-egp-7-bn-in-bahariya-poultry-farm-till-2023\/"},"modified":"2020-11-15T04:08:06","modified_gmt":"2020-11-15T04:08:06","slug":"cairo-3a-to-invest-egp-7-bn-in-bahariya-poultry-farm-till-2023","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/15\/cairo-3a-to-invest-egp-7-bn-in-bahariya-poultry-farm-till-2023\/","title":{"rendered":"Cairo 3A to invest EGP 7 bn in Bahariya poultry farm till 2023"},"content":{"rendered":"

INVESTMENT WATCH - Agriculture trader <\/strong>Cairo 3A<\/a><\/strong> plans to invest EGP 7 bn in its <\/strong>poultry farm project off of the Bahariya Oasis road <\/strong>over the next three years, company chairman Mona Mehrez told the local press<\/a>. Some EGP 2.5 bn will be dedicated to the project\u2019s first stage, which should produce 60 mn chickens annually, while the EGP 4.5 bn second stage should take production to 200 mn. Cairo 3A signed an agreement with worldwide poultry breeder Hubaard<\/a> last week to begin importing a high-efficiency chicken breed to Egypt, the local press<\/a> reported.<\/p>\n

Background:<\/strong> Cairo 3A expanded into poultry farming with the purchase of a 50% stake<\/a> in Pyramid Poultry<\/a> in January 2020. The company has secured an EGP 1.26 bn syndicated loan<\/a> in August to finance the establishment of poultry farms in Giza. Cairo 3A also has business in the animal feed industry, having acquired 97.5% of the Egyptian Starch and Glucose Company<\/a> earlier this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH - Agriculture trader Cairo 3A plans to invest EGP 7 bn in its poultry farm project off of the Bahariya Oasis road over the next three years, company chairman Mona Mehrez told the local press. Some EGP 2.5 bn will be dedicated to the project\u2019s first stage, which should produce 60 mn chickens […]<\/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":[8572],"tags":[97,4496,72,564,125,6212,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-568559","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-agriculture","tag-cairo-3a","tag-enterpriseam","tag-food","tag-investment-watch","tag-mona-mehrez","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"7c471c1e-45cc-42bd-a54a-8697d8302776","is_powered_by":true,"section_story_id":"5662d281-1e6f-4604-b559-ae1ac16ce3be","story_type":"1","photo_url":"","photo_position":"above","related_issue":[568545],"teaser":"","voice_url":""},"yoast_head":"\nCairo 3A to invest EGP 7 bn in Bahariya poultry farm till 2023 - 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\/2020\/11\/15\/cairo-3a-to-invest-egp-7-bn-in-bahariya-poultry-farm-till-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cairo 3A to invest EGP 7 bn in Bahariya poultry farm till 2023\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH - Agriculture trader Cairo 3A plans to invest EGP 7 bn in its poultry farm project off of the Bahariya Oasis road over the next three years, company chairman Mona Mehrez told the local press. Some EGP 2.5 bn will be dedicated to the project\u2019s first stage, which should produce 60 mn chickens […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/15\/cairo-3a-to-invest-egp-7-bn-in-bahariya-poultry-farm-till-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-15T04:08:06+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\/2020\/11\/15\/cairo-3a-to-invest-egp-7-bn-in-bahariya-poultry-farm-till-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/15\/cairo-3a-to-invest-egp-7-bn-in-bahariya-poultry-farm-till-2023\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Cairo 3A to invest EGP 7 bn in Bahariya poultry farm till 2023\",\"datePublished\":\"2020-11-15T04:08:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/15\/cairo-3a-to-invest-egp-7-bn-in-bahariya-poultry-farm-till-2023\/\"},\"wordCount\":161,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"agriculture\",\"Cairo 3A\",\"EnterpriseAM\",\"food\",\"investment watch\",\"Mona Mehrez\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/15\/cairo-3a-to-invest-egp-7-bn-in-bahariya-poultry-farm-till-2023\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/15\/cairo-3a-to-invest-egp-7-bn-in-bahariya-poultry-farm-till-2023\/\",\"name\":\"Cairo 3A to invest EGP 7 bn in Bahariya poultry farm till 2023 - 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Pyramid Poultry\u2019s financial advisor CI Capital valued the company at EGP 680.4 mn, with each of its 12 mn shares valued at\u2026","rel":"","context":"In "Speed Round"","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":593301,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/cairo-3a-looking-for-egp-1-bn-loan-from-egyptian-banks\/","url_meta":{"origin":568559,"position":2},"title":"Cairo 3A looking for EGP 1 bn loan from Egyptian banks","author":"enterpriseam admin","date":"24 November 2019","format":false,"excerpt":"Cairo 3A Poultry is in talks with local banks for a EGP 1 bn loan to finance its expansion plans once it finalizes the EGP 500 mn acquisition of Pyramid Poultry, sources close to the matter tell Al Mal. The banks include CIB, the Arab African International Bank, and an\u2026","rel":"","context":"In "Banking + Finance"","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":593661,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/07\/cairo-3a-to-acquire-majority-stake-in-pyramid-poultry-in-coming-month-sources\/","url_meta":{"origin":568559,"position":3},"title":"Cairo 3A to acquire majority stake in Pyramid Poultry in coming month -sources","author":"enterpriseam admin","date":"7 October 2019","format":false,"excerpt":"M&A WATCH- Cairo 3A Poultry is close to buying a majority stake in Pyramid Poultry for EGP 500 mn, sources close to the matter told the local press. 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