The Holding Company for Food Industries (HCFI), affiliated to the Ministry of Supply and Internal Trade, is close to completing the feasibility studies on Qaha and Edfina food industries complex in Sadat City over the next few days, according to sources.
The complex is being developed through a partnership between the National Service Projects Organization (NSPO) and HCFI. Both own about 80% of the complex, while the private sector owns about 20%. It will be built on an area of 120 feddan.
The sources added that CEGMAN, a consultancy firm specialized in engineering, is conducting the studies which are expected to be ready by early January.
The sources indicated that the complex implementation will start next year.
Egypt has recently increased the investments allocated for developing the food industries complex from EGP 5.5bn to EGP 10bn.
Maged El-Shater, Vice President of HCIF, said last October that the government increased its investments in the project due to higher costs of construction and machinery, as a result of global and local economic changes.
He stressed that the establishment of this industrial complex contributes to the establishment of an integrated industrial and logistical system to provide the raw materials needed for production on its own to rationalize production costs, which achieves a competitive advantage in the local and regional market, and that it is planned to start the production process by the end of 2024.
