Trade and Industry Minister Mounir Fakhri Abdel Nour said Tuesday that the food industries sector has the potentials to grow and lead Egypt's economy for new levels of competitiveness.
Egypt has one of the biggest markets in the Middle East and Africa, Abdel Nour said during a ceremony marking inking an agreement between Arla Foods and its local partner Juhayna.
Under the agreement, both companies establish a joint venture at total capital of EGP 200 million.
The minister described the agreement as a proof of the success made by Egypt's plan to reform its economy.
The signing was also witnessed by Minister of Investments Ashraf Salman.
Name (required) *
E-mail (required, but will not be published) *
Notify me of follow-up comments
Ben Stokes gave England a firm grip on the first Test with bat and ball before Shakib Al Hasan's 5-79 revived Bangladesh…
The facade of the world's tallest building, the Burj Khalifa in the Gulf emirate of Dubai, was lit up in pink Thursday…
The London Fashion Week (LFW) is one of the most sought out shows of the year. LFW is an annual fashion event…
Powered and Developed by FilmMatters
Copyright © 2016 Arabtoday