Vamsi Mohan, President of the Asia Pacific, Middle East & Africa (AMEA) region at Barry Callebaut, siad the company’s plans to produce chocolate specifically for the Egyptian market.
Mohan emphasized that this investment aims to meet the growing demand within Egypt and to position the country as a regional hub for exporting products to other Middle Eastern and African markets.
GAFI's Support
Yasser Abbas, Deputy CEO of GAFI, stated that the authority is committed to supporting Barry Callebaut throughout all stages of the project.
GAFI, he added, will facilitate the acquisition of land and the incorporation process to ensure the factory reaches operational sustainability.
Investment Climate Improvements
Abbas underlined recent Egypt's efforts to enhance investment climate, including offering guarantees and incentives for investors, streamlining company incorporation processes, simplifying land ownership procedures.
The country also has increased issuance of golden licenses and launched initiatives to promote governance, transparency, and fair competition, he added.
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