King Salman: Our nation's path has remained steadfast since its founding    Saudi Arabia celebrates Founding Day on Saturday, marking three centuries of a proud legacy    Saudi airports record 128 million travelers in 2024    Riyadh Air to launch operations by end of 2025, CEO confirms Douglas expresses confidence in Boeing amid supply chain challenges    Al-Falih: Saudi Arabia is one of major countries attracting foreign investment    King Abdul Aziz: Founder of the Third Saudi State and leader of modern Saudi Arabia    Imam Mohammed bin Saud: The founder of the First Saudi State and architect of stability    Netanyahu takes aim at West Bank after bus explosions near Tel Aviv    Body returned from Gaza is not Bibas mother, Israeli military says    Trump 'very frustrated' with Zelensky, says adviser    Hong Kong's main opposition party announces plan to dissolve    'Neighbors' canceled again, two years after revival    Al-Tuwaijri: Not a single day has passed in Saudi Arabia in 9 years without an achievement Media professionals urged to innovate in disseminating Kingdom's story to the world    Proper diet and healthy eating key to enjoying Ramadan fast    Saudi Media Forum panel highlights Kingdom's vision beyond 2034 World Cup    AlUla Arts Festival 2025 wraps up with a vibrant closing weekend    Al Hilal secures top spot in AFC Champions League Elite, set to face Pakhtakor in Round of 16    Al-Ettifaq's Moussa Dembélé undergoes surgery, misses rest of the season    'Real life Squid Game': Kim Sae-ron's death exposes Korea's celebrity culture    Al Ahli defeat Al Gharafa to seal AFC Champions League Elite knockout berth    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Almarai strengthens regional leadership and competitiveness with over EGP 1 billion investment in Egypt Investment includes launch of two new cheese production lines
Published in The Saudi Gazette on 18 - 10 - 2024

Almarai, the leading food and beverage manufacturer and distributor in the Middle East region, inaugurated two new cheese production lines at its subsidiary company Beyti's factory in Egypt. With an investment exceeding EGP 1 billion, the formal launch event was presided over by Lieutenant General Engineer Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport of Egypt.
The event was attended by key figures, including Abdulrahman Al-Dahas - Deputy Ambassador of Saudi Arabia to Egypt, and Abdullah bin Nasser Al-Bader - CEO of Almarai. Other dignitaries were Dr. Jacqueline Azar - Governor of Beheira, Hossam Heiba - Chairman of the General Authority for Investment and Free Zone (GAFI), and Dr. Tarek El Houby - Chairman of the National Food Safety Agency (NFSA).
This investment aligns with Almarai's strategic vision to expand its regional footprint and reinforce its leadership in the food and beverage sector. It underscores the company's commitment to meeting the rising demand for high-quality cheese products and supporting the Egyptian economy. Almarai currently operates 28 production lines across various categories, including dairy, juice, and yogurt. This project also supports Almarai's ambitions to strengthen its leadership position in the region.
"Almarai's investments correspond with the government's efforts to boost self-sufficiency across vital food industries and reduce the reliance on imports. This project is particularly significant for expanding local production and is part of the broader vision to position Egypt as a leading regional industrial hub. We aim to enhance our export capabilities and foster long-term economic growth by adhering to the latest environmental and sustainable standards," Lieutenant General Engineer Kamel Al-Wazir stated.
"Our expansion in Egypt is a key component of our broader regional strategy. This investment in Beyti not only increases the production capacity but also strengthens our economic ties with the Egyptian market, which is one of our most important regional markets. We are committed to delivering high-quality products that meet the needs of consumers in Egypt and abroad, to deliver on our promise of 'Quality you can trust'," Abdullah bin Nasser Al-Bader, the CEO of Almarai, noted.
Beyond increasing production, Almarai's investments open new avenues for Egyptian exports. The company aims to generate USD 50 million in exports through its subsidiary, Beyti, in Egypt to fuel its global growth. It also creates more than 5,550 direct and indirect job opportunities at Beyti, enhancing its contribution to local economic development while upholding the highest standards of sustainability and growth across all operations.


Clic here to read the story from its source.