‎Savola Group showcases business, investments in Egypt

‎Savola Group showcases business, investments in Egypt

On the occasion of the visit of Crown Prince Mohammed bin Salman to Egypt, which began on June 20, and to confirm the strong economic and trade ties between the two countries, Savola Group, a leading strategic investment holding company in the food and retail sectors, showcases its business and investments in the Middle East and North Africa.

The Saudi group owns assets in Egypt, at a value exceeding EGP 6 billion, with a total operating investment of more than EGP 25 billion. It began its investment and expansion journey in Egypt since early 1990s, thus becoming one of the largest regional investors in Egypt.

Savola currently owns and operates multiple companies and factories operating in the consumer food industries such as edible oils, vegetable ghee, sugar, pasta, baked goods, frozen food, spices, nuts and snacks. In addition, it manages a chain of retail stores through Panda Retail Co.

Egypt is one of the most promising economies in the region, which supports Savola's strategic growth plans that aim to expand in new food industries. In addition, it is one of the largest markets in which the company spreads outside the Kingdom. Savola also seeks to expand into new food industries to serve consumers