{"id":613770,"date":"2024-01-21T00:00:00","date_gmt":"2024-01-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/21\/egyptian-british-jv-to-set-up-animal-feed-factories-worth-usd-30-mn\/"},"modified":"2024-01-21T00:00:00","modified_gmt":"2024-01-21T00:00:00","slug":"egyptian-british-jv-to-set-up-animal-feed-factories-worth-usd-30-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/21\/egyptian-british-jv-to-set-up-animal-feed-factories-worth-usd-30-mn\/","title":{"rendered":"Egyptian-British JV to set up animal feed factories worth USD 30 mn"},"content":{"rendered":"

A quartet of animal feed <\/strong>factories <\/strong>is in the works: <\/strong>Supreme Holding has formed a joint venture with an undisclosed British company \u2014 dubbed Continental Investments \u2014 that will invest the equivalent of a combined USD 30 mn into setting up four animal feed factories in Sharqia governorate\u2019s 10th Ramadan City, Supreme Holding Chairman Moharam Helal told Al Arabiya<\/a>. The project aims to localize the production of concentrated feed for poultry, livestock, dogs, and cats and will see the JV set up a number of subsidiaries to manage the factories.<\/p>\n

The first launch is imminent:<\/strong> The first factory, which comes with a USD 15 mn price tag, is set to come online by March. Once the factory is up and running, the company will start building another two during the year, with the last factory set to become operational by 2025 at the latest.<\/p>\n

The project could be a significant FX generator:<\/strong> The British firm holds a majority 90% stake in the JV and is set to finance its share in the project from resources outside the country. Supreme Holding owns the remaining 10% stake.<\/p>\n

And could help lower our import bill:<\/strong> The project could help trim the USD 350 mn that the state spends each year to import dog and cat food, Helal told the outlet.<\/p>\n","protected":false},"excerpt":{"rendered":"

The first of the four factories is slated to come online in two months<\/p>\n","protected":false},"author":1,"featured_media":613771,"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":[8320,72,103,125,131,8319],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-613770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-continental-investments","tag-enterpriseam","tag-fdi","tag-investment-watch","tag-manufacturing","tag-supreme-holding","wpautop","entry"],"acf":{"mongo_id":"a40920a4-c727-43c0-92e2-85fdafa61af0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/1652.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian-British JV to set up animal feed factories worth USD 30 mn","related_issue":[613758],"teaser":"The first of the four factories is slated to come online in two months","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.ef1ff06e-3654-43a4-96ae-d77ccd2e39b0.mp3"},"yoast_head":"\nEgyptian-British JV to set up animal feed factories worth USD 30 mn - 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El Kheshen did not specify how much Evergrow is looking to raise from the sale. 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He\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\/2020\/8\/179.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":617527,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/24\/two-european-firms-mull-usd-270-mn-investments-in-plays-on-egypts-growing-gold-industry\/","url_meta":{"origin":613770,"position":4},"title":"Two European firms mull USD 270 mn investments in plays on Egypt\u2019s growing gold industry","author":"enterpriseam admin","date":"24 March 2024","format":false,"excerpt":"EGAS has signed off on the two factories\u2019 requests for natural gas supplies","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2039.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":661261,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/25\/qalaa-holdings-inaugurates-two-factories-with-combined-investments-of-egp-427-mn\/","url_meta":{"origin":613770,"position":5},"title":"Qalaa Holdings inaugurates two factories with combined investments of EGP 427 mn","author":"enterpriseam admin","date":"25 February 2025","format":false,"excerpt":"The company expects the new facilities to increase export revenues by USD 40 mn","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2368.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/613770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=613770"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/613770\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/613758"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/613771"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=613770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=613770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=613770"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=613770"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=613770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}