Arab Finance: UAE-based Agthia Group, a subsidiary of ADQ, is looking forward to making Egypt an export hub for its products after finalizing several acquisitions in the country as part of a growth strategy to become a big player in the region's food and beverage industry.

“Our intent [in Egypt] is really now to bed those acquisitions, consolidate them and unlock the potential there to see how we can build Egypt as an export hub as well,” Aghthis Group CEO Alan Smith told Reuters on March 8^th.

“We currently export around AED 60 million ($16.3 million) from Egypt, but we would like to accelerate that because we think there is a much bigger potential,” he said.

In 2022, Agthia acquired a 60% stake in Egyptian snacks and coffee manufacturer Auf Group, while a year earlier it acquired 75% of Atyab Egypt.

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