The Egyptian Gulf Centre Company (Goldalex) intends to double its exports this year by expanding in existing markets and opening up new markets.

Fadi Mohamed Tarek, a member of the board of directors of the company, said that they aim to grow exports by 100% this year to reach $20m, up from $10m last year.

He pointed out that last year was not good for the company and exporters of agricultural crops and vegetables frozen in general due to the requirements and restrictions set by some Arab countries, pointing out that the company is keen to provide high quality products.

Tarek stressed the importance of changing the subsidy system to serve exporters, placing hope on the prime minister’s directives during the coming period to change the subsidy system instead of the current system which leads to accumulated dues of export companies and their inability to disburse their entitlements for several years.

The company aims to expand into Africa in the coming period, while Goldalex is currently exporting to many Gulf countries, Europe, Australia, and Canada.

Furthermore, he called on the competent authorities to provide information on the African market, which serves exporters, especially as the African market has a lot of obstacles.

Goldalex is an Egyptian joint stock company founded in 1990. It is one of the first private companies specialised in exporting vegetables and frozen fruits. The company has a trademark of Goldalex products registered locally and internationally.