{"id":593252,"date":"2019-11-21T04:25:58","date_gmt":"2019-11-21T04:25:58","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/21\/galina-agrofreeze-to-set-up-egp-80-mn-fruit-concentrates-factory\/"},"modified":"2019-11-21T04:25:58","modified_gmt":"2019-11-21T04:25:58","slug":"galina-agrofreeze-to-set-up-egp-80-mn-fruit-concentrates-factory","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/21\/galina-agrofreeze-to-set-up-egp-80-mn-fruit-concentrates-factory\/","title":{"rendered":"Galina-Agrofreeze to set up EGP 80 mn fruit concentrates factory"},"content":{"rendered":"

Galina-Agrofreeze is planning to invest EGP 80 mn in a new factory to produce fruit concentrates, Chairman Abdel Wahed Soliman tells Al Mal<\/a>. No details were provided on the project\u2019s timeline, location, or target markets, but Soliman said the company is planning to cover part of the cost through bank loans, and the remainder through export subsidies it is owed by the government. The company had requested EGP 7 mn in future tax breaks and EGP 10 mn in government-redeemable IOUs as part of settling some EGP 22.5 mn in overdue subsidies. The government recently began implementing its new export subsidy framework<\/a> under which businesses will be given a 10% of the arrears \u201con the spot,\u201d with the remainder coming through either tax breaks, industrial land discounts, or getting priority treatment in domestic manufacturing.<\/p>\n","protected":false},"excerpt":{"rendered":"

Galina-Agrofreeze is planning to invest EGP 80 mn in a new factory to produce fruit concentrates, Chairman Abdel Wahed Soliman tells Al Mal. No details were provided on the project\u2019s timeline, location, or target markets, but Soliman said the company is planning to cover part of the cost through bank loans, and the remainder through […]<\/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":[7255],"tags":[72,125,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-593252","post","type-post","status-publish","format-standard","hentry","category-manufacturing","tag-enterpriseam","tag-investment-watch","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"ad6d7953-4647-461c-ac2c-2bd8ffd9acb7","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[593222],"teaser":"","voice_url":""},"yoast_head":"\nGalina-Agrofreeze to set up EGP 80 mn fruit concentrates factory - 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\/2019\/11\/21\/galina-agrofreeze-to-set-up-egp-80-mn-fruit-concentrates-factory\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Galina-Agrofreeze to set up EGP 80 mn fruit concentrates factory\" \/>\n<meta property=\"og:description\" content=\"Galina-Agrofreeze is planning to invest EGP 80 mn in a new factory to produce fruit concentrates, Chairman Abdel Wahed Soliman tells Al Mal. No details were provided on the project\u2019s timeline, location, or target markets, but Soliman said the company is planning to cover part of the cost through bank loans, and the remainder through […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/21\/galina-agrofreeze-to-set-up-egp-80-mn-fruit-concentrates-factory\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-21T04:25:58+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\/2019\/11\/21\/galina-agrofreeze-to-set-up-egp-80-mn-fruit-concentrates-factory\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/21\/galina-agrofreeze-to-set-up-egp-80-mn-fruit-concentrates-factory\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Galina-Agrofreeze to set up EGP 80 mn fruit concentrates factory\",\"datePublished\":\"2019-11-21T04:25:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/21\/galina-agrofreeze-to-set-up-egp-80-mn-fruit-concentrates-factory\/\"},\"wordCount\":139,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"investment watch\",\"Manufacturing\"],\"articleSection\":[\"Manufacturing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/21\/galina-agrofreeze-to-set-up-egp-80-mn-fruit-concentrates-factory\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/21\/galina-agrofreeze-to-set-up-egp-80-mn-fruit-concentrates-factory\/\",\"name\":\"Galina-Agrofreeze to set up EGP 80 mn fruit concentrates factory - 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The company secured a EGP 37 mn loan from Bank of Alexandria and the Saudi Investment Bank and will self-finance the remaining EGP 50 mn, he said.\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573233,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/galina-to-set-up-egp-120-mn-greenhouse-jv-with-germanys-sun-pharma\/","url_meta":{"origin":593252,"position":2},"title":"Galina to set up EGP 120 mn greenhouse JV with Germany\u2019s Sun Pharma","author":"enterpriseam admin","date":"26 July 2020","format":false,"excerpt":"Agrifood player Galina-Agrofreeze is setting up a greenhouse production JV with Germany\u2019s Sun Pharma called Sun Pharma Egypt, Chairman Abdel Wahed Soliman told Al Mal. The JV\u2019s total investments amount to EGP 120 mn and Galina will own 25% while Sun Pharma will own the rest. 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The company\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":599196,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/galina-agrofreeze-proposes-egp-1-2-bn-plan-in-setting-up-retail-franchises\/","url_meta":{"origin":593252,"position":4},"title":"Galina-Agrofreeze proposes EGP 1.2 bn plan in setting up retail franchises","author":"enterpriseam admin","date":"20 June 2019","format":false,"excerpt":"Galina-Agrofreeze Fruits & Vegetables has submitted preliminary studies to the government to propose setting up discount retail outlets across the country, company Chairman Abdel Wahed Soliman said. The proposal would invite partners to own a franchised food store each under the company\u2019s brand. 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