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Ahmed Elsewedy: Egyptian industry has become extremely competitive on a global scale

Elsewedy Industrial Development, a subsidiary of ELSEWEDY ELECTRIC,

signed an agreement with MAFI for Agricultural Produce Industries to

allocate a 154,000 square meter industrial land in Industria Sadat City.

 

 

The contract signing took place between Eng. Ahmed Elsewedy, President & CEO

of ELSEWEDY ELECTRIC and Chairman of Elsewedy Industrial Development, and

Ahmed Abou Hashima, Founder and Chairman of MAFI.

The ceremony was attended by Eng. Mohamed AlKammah, CEO of Elsewedy

Industrial Development, and Sherif Tantawy,

CEO of MAFI for Agricultural Produce Industries.

Eng. Ahmed Elsewedy expressed his enthusiasm for the project, emphasizing

its substantial contribution to the Egyptian economy.

He highlighted that this complex, the first of its kind in terms of size and diversity in

the Middle East, aims to export 80% of its production capacity.

Elsewedy also underscored the Egyptian industry’s competitiveness on a global scale compared to other countries.

Ahmed Abou Hashima stated that the complex aims to support the Egyptian

economy by maximizing the value of local agricultural resources through

manufacturing. He expressed his satisfaction in collaborating with

Elsewedy Industrial Development, highlighting that the complex will feature

state-of-the-art technology in the agricultural food sector in partnership with major international companies.

Abou Hashima further emphasized that 80% of the complex’s production capacity

will be directed towards exports, thereby contributing to balancing Egyptian trade

and supporting the economy.

He also noted that the project will create over 7,000 direct and indirect job

opportunities, thus helping to reduce unemployment.

Eng. Mohamed AlKammah emphasized that the addition of the agricultural

products industry enhances industrial diversity in Sadat City.

He illustrated that the project is one of the largest complexes for agricultural products and food in the region.

Highlighting Elsewedy Industrial Development’s expertise, AlKammah

indicated that the company has 15 years of experience in building and developing

sustainable industrial cities.

Moreover, he underscored the significance of Elsewedy Technical

Academy, which provides a qualified and trained technical workforce to serve

investors within Elsewedy’s industrial cities.

It is worth mentioning that, under this agreement, MAFI will invest

approximately $300 million to establish a complex comprising five plants. The

complex will include two of Egypt’s largest plants for producing orange

concentrates, tomatoes, various fruits, and essential oils.

It will also feature the Middle East’s first Cloudy Products plant and one of the

world’s largest freeze-drying facilities. Additionally, the complex will house a

plant for freezing fruits and vegetables, significantly boosting the agricultural

food industry and increasing Egyptian exports of high-quality products worldwide.

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