FAMSUN is a China-based privately-owned firm, providing aqua, pig and poultry feed and food engineering solutions, equipment and systems. Cairo 3A is a grain trader and manufacturer of agri-commodities.
The agreement aims to develop an integrated production chain from grain storage and handling to processing, feed production and downstream industries, according to Cairo 3A CEO Hazem Zayed.
It also targets improving Egyptian production efficiency and strengthening the competitiveness of local companies across regional and African markets, Zayed added.
FAMSUN will combine Chinese expertise and local talent to develop solutions for silos and grain storage, drying systems, agricultural equipment, machinery, intelligent control and monitoring systems, and post-harvest technologies to serve markets across Africa and the Middle East.
The signing also covers land reclamation, deep grain processing, starch and glucose production and derivatives, oil extraction, livestock production and aquaculture.
The contract aims to transfer and localize advanced industrial technologies and solutions as part of FAMSUN’s broader industrial model and its strategy to expand its agricultural and food industries.
The deal coincides with Chinese President Xi Jinping’s first state visit to Egypt in almost a decade. The visit is aimed at strengthening the two countries’ comprehensive strategic partnership and expanding cooperation in political, economic and development fields.
The company is seeking to expand its integrated industrial presence in Egypt, using the country’s engineering capabilities, while increasing the share and maximizing the use of locally manufactured equipment and components.
FAMSUN has already invested more than $75 million in Egypt and plans to invest $100 million in local manufacturing and technology transfer in Egypt, which will bring its total investments in the country to $175 million.
It previously participated in a grain storage project with a capacity of up to 500,000 tons with the Future of Egypt Authority for Sustainable Development to localise the manufacture of silos using FAMSUN’s engineering.
It has also cooperated with Egypt to develop and implement a feed mill with production capacity of up to 50 tons per hours.
The firm considers Egypt one of its “key strategic growth hubs in the region” and its current and planned investments reflect its “confidence in the Egyptian economy and long-term growth prospects,” according to FAMSUN President of Middle East and North Africa Region, Zhu Jianjun.
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