Egypt’s MAFI to set up private freezone for its agri-food industrial complex

Egypt’s MAFI Agricultural Produce Industries received a green light to set up a private freezone for its agri-food industrial complex in Sadat City, according to a statement. MAFI signed contracts with several international companies back in January to set up the complex.

What we know: The complex will host five factories, including concentrates and quick-freezing facilities, and will be carried out in partnership with a yet-to-be-revealed foreign partner.

All to export: The project is expected to produce USD 200 mn worth of agri-food products annually during its first phase, and double that when its second phase is up and running, all of which will be exported, according to the statement.

The timeline: The complex is expected to be operational within 18 months, with a plan to expand the capacity of the five factories and add more factories in a second phase. The complex is targeting B2B clients mainly in Europe, the US, and GCC.