{"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":598218,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/19\/earnings-watch-qalaa-holdings-reports-egp-1-35-bn-net-profit-in-2018\/","url_meta":{"origin":662127,"position":2},"title":"Earnings watch: Qalaa Holdings reports EGP 1.35 bn net profit in 2018","author":"enterpriseam admin","date":"19 May 2019","format":false,"excerpt":"EARNINGS WATCH- Qalaa Holdings has reported a net profit of EGP 1.35 bn in 2018, compared to a loss of EGP 4.71 bn in 2017, according to the company\u2019s earnings release (pdf). Revenues jumped 25% y-o-y to EGP 13.17 bn during the year, up from EGP 10.55 bn in 2017,\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":567986,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/14\/qalaa-holdings-reports-3q2020-results\/","url_meta":{"origin":662127,"position":3},"title":"Qalaa Holdings reports 3Q2020 results","author":"enterpriseam admin","date":"14 December 2020","format":false,"excerpt":"Qalaa Holdings reported a consolidated net loss after minority interest of EGP 450 mn in 3Q2020, widening its losses from EGP 395 mn in 3Q2019, according to the company\u2019s earnings release (pdf). The wider loss comes despite Qalaa\u2019s top line more than doubling to EGP 8.7 bn in 3Q2020, from\u2026","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572663,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/qalaa-holdings-reports-1q2020-results\/","url_meta":{"origin":662127,"position":4},"title":"Qalaa Holdings reports 1Q2020 results","author":"enterpriseam admin","date":"5 July 2020","format":false,"excerpt":"EARNINGS WATCH- Qalaa Holdings\u2019 revenues soared 191% y-o-y in 1Q2020 to EGP 10.4 bn, the company said in its quarterly earnings release (pdf). The revenue growth came as Qalaa\u2019s flagship greenfield Egyptian Refining Company \u2014 which began operating at 100% capacity in 2019 \u2014 began booking sales revenue as an\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":590734,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/","url_meta":{"origin":662127,"position":5},"title":"Taqa Arabia shareholder sells 20% stake. 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