Egypt plans to develop factories of food industries company: Supply minister

MENA , Thursday 25 Aug 2022

Minister of Supply and Internal Trade Ali Moselhi said his ministry is adopting plans to develop the factories of the Holding Company for Food Industries (HCFI), such as Qaha and Edfina, with large investments.

Ali Moselhi
Minister of Supply and Internal Trade Ali Moselhi. File photo/Cabinet
 

 

During a meeting of the HCFI general assembly, which Moselhi chaired on Wednesday, he said the mechanisation of the company’s complexes and warehouses has helped track the flow of food commodities.

The HCFI plays a pivotal role in providing commodities for consumer complexes and company warehouses, he added.

Moselhi pointed out that the company is shouldering financial burdens to supply strategic goods, most notably oil and sugar, due to the successive global price hikes and economic crises.

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