Industry minister on talks over Cargill investment plans in Egypt
Trade and Industry Minister Tarek Qabil
Cairo - Arab Today
Trade and Industry Minister Tarek Qabil held an expanded meeting with a delegation representing Cargill, Inc., an American privately held global corporation based in Minnetonka, on their investment plans in the Egyptian market within the coming period.
Qabil said the company is now making new expansions of their vegetables oil project in Borg el Arab city and they are expected to be finalized in October.
The company is also developing its grain storage project at Dekheila port with 10-million-dollar investments, he said.
He noted that the total investments of the company in the Egyptian market are estimated at 300 million dollars.
Regional director of the company Roger Janson, who led the delegation, said Egypt has huge investment opportunities in the domains of agriculture, food, grain storage and logistic transport.
The company seeks more cooperation with the Egyptian government bodies concerned with food safety to increase food exports to the Egyptian market within the coming period, he added.
Source: MENA
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