{"id":666364,"date":"2025-06-02T00:00:00","date_gmt":"2025-06-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/02\/a-usd-500-mn-baby-formula-factory\/"},"modified":"2025-06-02T00:00:00","modified_gmt":"2025-06-02T00:00:00","slug":"a-usd-500-mn-baby-formula-factory","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/02\/a-usd-500-mn-baby-formula-factory\/","title":{"rendered":"A USD 500 mn baby formula factory?"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, friends. <\/strong>The pre-Eid lull seems to be holding as the news cycle anticipates the long (and very warm) weekend.<\/p>\n<p class=\"tag-border-left\">THE BIG STORY TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Efforts to localize infant formula production are getting serious:<\/strong> The state-owned Mostakbal Misr Agency for Sustainable Development is gearing up to build a USD 500 mn baby formula factory in partnership with the private sector, <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/economics\/85028\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%B3%D8%AA%D8%AB%D9%85%D8%B1-%D9%86%D8%B5%D9%81-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%A8%D9%85%D8%B5%D9%86%D8%B9-%D9%84%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-%D8%A3%D9%84%D8%A8%D8%A7%D9%86-%D8%A7%D9%84%D8%A3%D8%B7%D9%81%D8%A7%D9%84\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing the agency\u2019s spokesperson Khaled Salah. The move aims to slash imports of the commodity \u2014 which currently stand at around USD 1 bn annually \u2014 and follows recent calls by President Abdel Fattah El Sisi to establish a domestic factory to address \u201cunreasonable\u201d import levels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The game plan: <\/strong>The factory, which is set to come online in early 2027, will meet around 50% of local market demand with 40-45 mn packages in its first phase before scaling up to fulfill all domestic needs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beltone Leasing and Factoring inaugurates SCZone branch: <\/strong>Beltone Holding\u2019s Beltone Leasing and Factoring has inaugurated a branch in the Suez Canal Economic Zone\u2019s Sokhna Industrial Zone, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/178.pdf\" style=\"\" rel=\"noopener\">pres<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/178.pdf\" style=\"\" rel=\"noopener\">s release (pdf)<\/a>. The move \u201cis part of SCZone\u2019s broader strategy to establish an integrated financial infrastructure that keeps pace with the growing needs of industrial and logistics activities,\u201d SCZone head Walid Gamal El Din said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A first: <\/strong>\u201cWe are proud to be the first leasing and factoring company to begin operations within the SCZone to finance investors. This step opens new avenues for financing industrial projects and strategic export activities, thereby contributing to economic development and supporting national growth objectives,\u201d Beltone Holding\u2019s Deputy Head of NBFIs for Leasing, Factoring, and Consumer Finance Amir Ghannam said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Poland elects new president: <\/strong>Nationalist Karol Nawrocki has won the presidency with a razor-thin 50.89% lead over pro-EU Warsaw mayor Rafa\u0142 Trzaskowski. The result is a blow to PM Donald Tusk\u2019s reform agenda and sets the stage for renewed political gridlock, with Nawrocki expected to veto liberal policies and take a harder line on EU ties. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/polish-conservative-nawrocki-wins-presidential-vote-electoral-commission-says-2025-06-02\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cx27897vedno\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/poland-presidential-election-karol-nawrocki-80a99eeb7a2f3ae64260a9263e7028ee\" style=\"\" rel=\"noopener\">AP<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO MAKING HEADLINES- <\/strong>One man attacked a pro-Israel rally in Colorado yesterday, while shouting \u201cFree Palestine.\u201d Eight people between the ages of 52 and 88 were hospitalized with burn injuries following the attack, which the FBI is treating the assault as a potential act of domestic terrorism. The rally was part of ongoing weekly demonstrations calling for the release of Israeli hostages. (<a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/06\/02\/us\/boulder-colorado-attack-what-we-know.html\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/fbi-investigating-targeted-terror-attack-boulder-colorado-director-says-2025-06-01\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/boulder-terror-attack-colorado-8af1b11734cbbe75c9945820a9b6684c\" style=\"\" rel=\"noopener\">AP<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f <\/strong><strong>TOMORROW\u2019S WEATHER- <\/strong>We\u2019ll be seeing stable weather tomorrow, with the mercury set to mimic today\u2019s peak of 31\u00b0C throughout the day and cool to 20\u00b0C at night, according to our favorite weather app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends. The pre-Eid lull seems to be holding as the news cycle anticipates the long (and very warm) weekend. THE BIG STORY TODAY- Efforts to localize infant formula production are getting serious: The state-owned Mostakbal Misr Agency for Sustainable Development is gearing up to build a USD 500 mn baby formula factory in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":666365,"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":[7213],"tags":[633,131,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-666364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-manufacturing","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"68cac61c-b508-4dd4-b0b3-c32257da3d74","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/6\/176.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[666362],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.74e65efa-f772-4b38-91f0-70fc70d15109.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>A USD 500 mn baby formula 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\/2025\/06\/02\/a-usd-500-mn-baby-formula-factory\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A USD 500 mn baby formula factory?\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends. The pre-Eid lull seems to be holding as the news cycle anticipates the long (and very warm) weekend. 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We have a busy issue for you today, with all the latest on our newest Turkish textiles investment, the potential drawbacks of space travel, and all the recs you never knew you needed.THE BIG STORY TODAY Eroglu Garments doubles down on\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2449.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":640535,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/27\/india-is-looking-into-setting-up-a-usd-60-mn-carbon-black-factory-in-egypt\/","url_meta":{"origin":666364,"position":2},"title":"India is looking into setting up a USD 60 mn carbon black factory in Egypt","author":"enterpriseam admin","date":"27 August 2024","format":false,"excerpt":"Good afternoon, folks. It\u2019s only Tuesday but we have already started counting down to the weekend. THE BIG STORY TODAY- A USD 60 mn carbon black factory in the making? One of India\u2019s largest black carbon producers is interested in setting up a USD 60 mn plant in Egypt, according\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1517.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":668202,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/10\/turkeys-bony-to-set-up-usd-100-mn-textile-facility\/","url_meta":{"origin":666364,"position":3},"title":"Turkey\u2019s Bony to set up USD 100 mn textile facility","author":"enterpriseam admin","date":"10 July 2025","format":false,"excerpt":"Good afternoon, friends, and congratulations on making it to the end of the week. As things inch closer to normal following the aftermath of the Ramses data center fire, it seems the news cycle is starting to take a breather.THE BIG STORY TODAY Turkish textile heavyweight Bony will set up\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/617.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":623987,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/13\/this-evening-turkish-denim-giant-sirikcioglu-to-invest-usd-700-mn-in-a-port-said-factory\/","url_meta":{"origin":666364,"position":4},"title":"THIS EVENING: Turkish denim giant \u015eirik\u00e7io\u011flu to invest USD 700 mn in a Port Said factory","author":"enterpriseam admin","date":"13 June 2024","format":false,"excerpt":"Good afternoon, folks and happy Thursday. Yes, the weekend has finally arrived and we can\u2019t wait to pack up and zoom off into this extended holiday.EnterprisePM Egypt will be taking a week off. We will be back at the usual time and place on Sunday 23 June.THE BIG STORY TODAY\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":665186,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/ain-sokhna-industrial-zone-launches-two-factories-worth-combined-usd-210-mn\/","url_meta":{"origin":666364,"position":5},"title":"Ain Sokhna industrial zone launches two factories worth combined USD 210 mn","author":"enterpriseam admin","date":"13 May 2025","format":false,"excerpt":"Good afternoon, friends. We hope this finds you well and that your air filters are earning their keep today. We come with glad tidings of two new industrial zone factories breaking operational ground in Ain Sokhna, alongside details on Trump\u2019s Mideast tour, and Google\u2019s rough week.THE BIG STORY TODAY Two\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2250.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\/666364","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=666364"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/666364\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/666362"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/666365"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=666364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=666364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=666364"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=666364"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=666364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}