{"id":662127,"date":"2025-03-11T00:00:00","date_gmt":"2025-03-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/11\/an-egp-1-bn-healthy-food-factory-incoming\/"},"modified":"2025-03-11T00:00:00","modified_gmt":"2025-03-11T00:00:00","slug":"an-egp-1-bn-healthy-food-factory-incoming","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/11\/an-egp-1-bn-healthy-food-factory-incoming\/","title":{"rendered":"An EGP 1 bn healthy food factory incoming?"},"content":{"rendered":"<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egypti<\/strong><strong>an furniture manufacturer Mobica CEO Mohamed Farouk and an unnamed British partner plan to invest <\/strong><strong>EGP 1 bn in a healthy food factory<\/strong>, he told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/03\/10\/%D8%AA%D8%AD%D8%A7%D9%84%D9%81-%D9%85%D8%B5%D8%B1%D9%8A-%D8%A7%D9%86%D8%AC%D9%84%D9%8A%D8%B2%D9%8A-%D9%8A%D8%B9%D8%AA%D8%B2%D9%85-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87-%D9%81%D9%8A-%D9%85%D8%B5%D9%86%D8%B9-%D8%A3%D8%BA%D8%B0%D9%8A%D8%A9-%D8%B5%D8%AD%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. The alliance plans to set up a joint-stock company with USD 20 mn in capital, with Farouk holding majority. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The project \u2014 set to begin once the partnership agreement is signed \u2014 will be developed in the Sixth of October Industrial Zone and is expected to be completed within a year, with all production earmarked for export to the UK and France. The investors are in talks with local and international banks to secure EGP 500 mn in financing, with the remaining funds set to be self-financed.<\/p>\n<p class=\"tag-border-left\">AGRICULTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qalaa Holdings has requested 15k f<\/strong><strong>eddans for an agricultural and agro-industrial <\/strong><strong>expansion project<\/strong>, focusing on herbs and aromatic plants, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/15mLHPoMvU\/\" style=\"\" rel=\"noopener\">statement<\/a> from the Industry Ministry. The company will inspect available land in Sahl Baraka and Abu Zaabal. <\/p>\n<p class=\"tag-border-left\">FINTECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Turkish <\/strong><strong>fintech player <\/strong><strong><a target=\"_blank\" href=\"https:\/\/fimple.co.uk\/\" style=\"\" rel=\"noopener\">Fimple<\/a><\/strong> <strong> launched Fimple Egypt Digital Solutions<\/strong>, its Egyptian subsidiary with an office in Cairo Festival City, as it looks to tap into Egypt\u2019s growing digital banking and fintech market, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/750.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The company, which provides cloud-native core banking solutions, aims to support financial institutions across the Gulf, Africa, and Europe.<\/p>\n<p class=\"tag-border-left\">DEBT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Nat<\/strong><strong>ional Authority for Tunnels lined up a EGP 3 bn loan from<\/strong> <strong>Emirates NBD<\/strong> to support public transport projects, the lender said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/764.pdf\" style=\"\" rel=\"noopener\">st<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/764.pdf\" style=\"\" rel=\"noopener\">ateme<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/764.pdf\" style=\"\" rel=\"noopener\">nt (pdf)<\/a>. The long-term credit facility seeks to support the state\u2019s plan to modernize public transportation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- Qalaa Holdings has requested 15k feddans for an agricultural and agro-industrial expansion project<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7209],"tags":[97,111,7106,1060,72,183,564,613],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-662127","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-agriculture","tag-also-on-our-radar","tag-debt","tag-emirates-nbd","tag-enterpriseam","tag-fintech","tag-food","tag-qalaa-holdings","wpautop","entry"],"acf":{"mongo_id":"2c4ee0bd-7952-4023-a6b0-235ac3f35bba","order":"11","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"An EGP 1 bn healthy food factory coming to Egypt?","related_issue":[662109],"teaser":"PLUS- Qalaa Holdings has requested 15k feddans for an agricultural and agro-industrial expansion project","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.3cfeba8a-73ac-468b-8e2b-27a9ed8de576.mp3"},"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>An EGP 1 bn healthy food factory incoming? 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Some EGP 50-55 bn will come from the investment company\u2019s Egyptian Refining Company, which is expected to produce 2.4 mn tonnes of diesel every year after it begins operations\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":619650,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/08\/qalaa-holdings-bottomline-increased-five-fold-in-2023-on-the-back-of-stake-sale\/","url_meta":{"origin":662127,"position":3},"title":"Qalaa Holdings\u2019 bottomline increased five-fold in 2023 on the back of stake sale","author":"enterpriseam admin","date":"8 May 2024","format":false,"excerpt":"The firm\u2019s revenue grew 17% y-o-y in 2023 to EGP 97.1 bn","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1760.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":660546,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/13\/qalaa-holdings-top-line-rises-75-y-o-y-in-3q-2024-to-egp-37-6-bn\/","url_meta":{"origin":662127,"position":4},"title":"Qalaa Holdings\u2019 top line rises 75% y-o-y in 3Q 2024 to EGP 37.6 bn","author":"enterpriseam admin","date":"13 February 2025","format":false,"excerpt":"The company is progressing on its plan to pay off subsidiary ERC\u2019s outstanding debt by the end of 2025","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2221.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":643190,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/04\/qalaa-settles-egp-3-34-bn-of-debt-in-exchange-for-a-stake-in-taqa\/","url_meta":{"origin":662127,"position":5},"title":"Qalaa settles EGP 3.34 bn of debt in exchange for a stake in Taqa","author":"enterpriseam admin","date":"4 September 2024","format":false,"excerpt":"Qalaa will retain the right to repurchase its shares in the energy distribution company from the banks for the next five years","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/958.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\/662127","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=662127"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/662127\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/662109"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=662127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=662127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=662127"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=662127"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=662127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}