By Mahmoud Salah El-Din
Tarek Shaalan, Head of the food products companies sector at the Holding Company for Food Industries, said EGP 100 million have been allocated for investment in the year 2012-2013 to develop branches of the companies and open new ones.
The development plan includes developing 45 branches of Nile, Ahram and Alexandria Companies for consumer complexes, the General Co for Commercial Whole and the Egyptian Company for Wholesale Trade in the governorates of Cairo and Alexandria and some Lower Egypt governorates.
The plan also includes opening 14 new branches in the Menya, Beni Suif and Red Sea governorates for the General Co for Commercial Whole and the Egyptian Company for Wholesale Trade after the governors allotted lands for the complexes.
Shaalan pointed out that the holding company is following up the series of the new complexes, the prices of products of which are the lowest in the market.
He underlined that competing with the private sector by opening and developing branches needs great investment, which is not currently available.
The company deals with all suppliers to provide different products for Egyptian citizens, especially meat before Eid al-Adha.