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Cairo is the headquarters of the Egyptian Sudanese Company for Development and promotes trade exchange


The Chairman of the Board of Directors of the Holding Company for Food Industries, Ahmed Hassanein, said today, Sunday, that the field of work of the Egyptian Sudanese Company for Development and Multiple Investments, for which the Memorandum of Understanding was signed a few days ago, will focus on general trade and distribution, as well as investments in the field of animal and plant wealth, referring to Its headquarters will be Cairo.

 

Hassanein added - in a statement to the Holding Company for Food Industries, today: "The company will be specialized in fattening and producing livestock and calves and their products and derivatives, whether for the Egyptian market or export, as well as the cultivation, production, import and export of all vital and oil crops in both countries."

 

The company will also focus on joint cooperation in the fields of (oilseed pressing and oil refining - sugar - sesame - rice - wheat - peanuts and its products - cotton - vegetables and fruits - juices and their concentrates - chemical fertilizers - disinfectants and detergents), in addition to what other products can be developed. Cooperation in its production and trade through the company, importing and exporting, and other areas that benefit the national economy of the two countries.

 

Last Wednesday, a memorandum of understanding was signed between the Holding Company for Food Industries and the South Valley Development Company of the Holding Company for Construction and Development of the Ministry of Public Business Sector, and the Multiple Directions Company of the Sudanese Ministry of Defense to establish an Egyptian-Sudanese joint-stock company in the field of agricultural and animal production projects and various food industries.

 

The Chairman of the Holding Company for Food Industries indicated that the new company will be joined by the Holding Company for Food Industries affiliated to the Ministry of Supply, the South Valley Development Company of the Holding Company for Construction and Development of the Ministry of Public Business Sector, and the Multidirectional Company of the Sudanese Ministry of Defense.

 

He added that there has been an extended strategic partnership with the sister country of Sudan for more than 6 years, especially in the field of live meat, which contributed to stabilizing fresh meat prices in the Egyptian market.

 

He stressed that the success of the strategic cooperation experience between the Holding Company for Food Industries and the Multigaz Company Ltd. is what led to the establishment of the new Egyptian Sudanese Company, in order to serve the people of the Nile Valley with the aim of achieving trade exchange and food security for each of them.

 

According to the statement of the Holding Company for Food Industries, the company has the right to practice its activities and open branches for it in the governorates of the Republic, in light of the volume of its business and activities, as well as the existence of another branch of the company in Sudan.

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