Elsewedy, MAFI join forces to build $300mln agricultural food complex in Sadat City, Egypt

Elsewedy, MAFI join forces to build $300mln agricultural food complex in Sadat City, Egypt

Elsewedy Industrial Development, a subsidiary of Elsewedy Electric, has signed an agreement with MAFI for Agricultural Produce Industries to allocate 154,000 sqm of industrial land in Industria Sadat City. The agreement was signed by Ahmed Elsewedy, President and CEO of Elsewedy Electric and Chairman of Elsewedy Industrial Development, and Ahmed Abou Hashima, Founder and Chairman of MAFI. Mohamed AlKammah, CEO of Elsewedy Industrial Development, and Sherif Tantawy, CEO of MAFI for Agricultural Produce Industries, also attended the ceremony.

Ahmed Elsewedy praised the project for its significant impact on the Egyptian economy. He said that the complex, which is the largest and most diverse of its kind in the Middle East, will export 80% of its products. He also stressed the global competitiveness of the Egyptian industry.

Ahmed Abou Hashima said that the complex will support the Egyptian economy by adding value to local agricultural resources through manufacturing. He expressed his pleasure in working with Elsewedy Industrial Development and said that the complex will use state-of-the-art technology in the agricultural food sector in cooperation with major international companies.

Abou Hashima added that the complex will contribute to balancing Egyptian trade and supporting the economy by exporting 80% of its products. He also said that