Americana Group to launch new production lines in Egypt: GAFI chairman
MENA , Monday 5 Sep 2022
Americana Group, one of the largest food companies and operators of restaurant chains in the Middle East, plans to invest $26 million in the launch of new production lines, according to Chairman of the General Authority for Free Zones and Investment (GAFI) Mohamed Abdel-Wahab.
General Authority for investment and Free Zones (Photo: Ahram)
The move aims to increase the group's presence in the food industries sector in Egypt and target new markets to export its products, added Abdel-Wahab in a meeting with Vice Chairman of Americana Group Ihab Hajjaj to discuss the group's expansion plans in the Egyptian market.
During the meeting, the two sides also tackled the best investment system through which projects can be implemented in order to achieve maximum benefit for the Egyptian economy.
Abdel-Wahab also discussed the available investment opportunities and systems, affirming the provision of all the necessary support to the company to implement its expansion plans.