Arab Finance: Egypt-based food producer Beyti, a subsidiary of Saudi multinational dairy company Almarai, plans to invest an additional EGP 6 billion in Egypt as it expands its production capacity and manufacturing lines to serve domestic and export markets, as per a statement.
The planned investment would build on the more than EGP 7 billion the company already invested in Egypt.
Minister of Industry Khaled Hashem reviewed the company’s current operations and expansion plans during a meeting with Beyti General Manager Chris Abboud and other company representatives.
Beyti operates more than 34 production lines and offers 144 dairy and juice products. The company exports to over 45 countries while serving the Egyptian market. Its operations provide more than 6,000 direct jobs and 19,000 indirect employment opportunities.
The planned expansion will focus on increasing production capacity and adding manufacturing lines to accommodate anticipated growth in domestic and international demand.
The two sides also explored new export opportunities, greater integration with local suppliers, and increased use of locally produced inputs. The discussions covered the adoption of advanced technologies and international practices in quality, food safety, and sustainability to improve operational efficiency.
