Egypt’s Supreme Holding is collaborating with an undisclosed British company in a joint venture, dubbed Continental Investments, to establish four animal feed factories in 10th Ramadan City within Sharqia governorate. With a combined investment of USD 30 million (EGP 926 million), the joint venture aims to localize the production of concentrated feed for poultry, livestock, dogs, and cats. Multiple subsidiaries will be established to oversee the management of these factories. The inaugural launch is soon, as the first factory, valued at USD 15 million (EGP 463 million), is scheduled to commence operations by March of 2024. Subsequent construction of two additional factories is planned for the year, with the final factory expected to be operational no later than 2025, with construction slated to take place on a 57,000-square-meter plot in 10th of Ramadan City. The joint venture holds promise as a significant foreign exchange generator, with the British company securing a 90 percent majority stake and financing its contribution externally. Supreme Holding retains a 10 percent stake in the partnership. The joint venture is anticipated to contribute to reducing the nation’s annual expenditure of USD 350 million (EGP 10 billion)…
The post Supreme Holding’s USD 30M Joint Venture Tackles Egypt’s Animal Feed Shortages first appeared on Egyptian Streets.
Source: egyptianstreets
