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    Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

    Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Egypt secures $66 mln from EU, AFD to expand wheat storage

    Egypt secures $66 mln from EU, AFD to expand wheat storage

    Agreements signed to establish 4 food factories in Jordan

    Agreements signed to establish 4 food factories in Jordan

    Morocco set to launch potash project: report

    Morocco set to launch potash project: report

    Food Africa and pacprocess MEA to launch in December with an even larger area

    Food Africa and pacprocess MEA to launch in December with an even larger area

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      Number of BIA passengers up by 26.90% annually YTD APRIL 2023

      Number of BIA passengers up by 26.90% annually YTD APRIL 2023

      Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

      Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

      International investors keen on entering Saudi market, says minister

      International investors keen on entering Saudi market, says minister

      Egypt aims to enhance contribution of IT sector to GDP: Talaat

      Egypt aims to enhance contribution of IT sector to GDP: Talaat

      Saudi airports witness 42% rise in passengers in first 4 months of 2023

      Saudi airports witness 42% rise in passengers in first 4 months of 2023

      Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

      Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

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      Oman gears up for its first smart city

      Oman gears up for its first smart city

      Saudi real estate ‘booming’ on big office space demand

      Saudi real estate ‘booming’ on big office space demand

      Value of Saudi construction contracts jump 35% to $51.3bn: report

      Value of Saudi construction contracts jump 35% to $51.3bn: report

      Qatar to implement new strategies for real estate development

      Qatar to implement new strategies for real estate development

      Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

      Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

      Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

      Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

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        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Egypt invests $64mln in electricity network development in South Sinai since July 2014

        Egypt invests $64mln in electricity network development in South Sinai since July 2014

        First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

        First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

        Oman’s refinery products output jumps by 44%

        Oman’s refinery products output jumps by 44%

        Iraq agrees to 30% stake in TotalEnergies $27bln energy project

        Iraq agrees to 30% stake in TotalEnergies $27bln energy project

        Oman signs $20bn hydrogen deals

        Oman signs $20bn hydrogen deals

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          Qatar: Over 700 hotel keys added in Q1

          Qatar: Over 700 hotel keys added in Q1

          Jordan’s tourism income surges 88% as visitors flock to the country

          Jordan’s tourism income surges 88% as visitors flock to the country

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Leisure sector in Qatar stronger after World Cup 2022

          Leisure sector in Qatar stronger after World Cup 2022

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Saudi to be among world’s big leisure tourism hubs by 2030

          Saudi to be among world’s big leisure tourism hubs by 2030

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        • Agrofood
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          Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

          Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Egypt secures $66 mln from EU, AFD to expand wheat storage

          Egypt secures $66 mln from EU, AFD to expand wheat storage

          Agreements signed to establish 4 food factories in Jordan

          Agreements signed to establish 4 food factories in Jordan

          Morocco set to launch potash project: report

          Morocco set to launch potash project: report

          Food Africa and pacprocess MEA to launch in December with an even larger area

          Food Africa and pacprocess MEA to launch in December with an even larger area

          Trending Tags

          • Business & Economy
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            • Business
            • Economy
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            Number of BIA passengers up by 26.90% annually YTD APRIL 2023

            Number of BIA passengers up by 26.90% annually YTD APRIL 2023

            Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

            Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

            International investors keen on entering Saudi market, says minister

            International investors keen on entering Saudi market, says minister

            Egypt aims to enhance contribution of IT sector to GDP: Talaat

            Egypt aims to enhance contribution of IT sector to GDP: Talaat

            Saudi airports witness 42% rise in passengers in first 4 months of 2023

            Saudi airports witness 42% rise in passengers in first 4 months of 2023

            Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

            Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

            Trending Tags

            • CES 2017
            • Election Results
            • eSports
          • Construction
            • All
            • Infrastructure
            • Real Estate
            Oman gears up for its first smart city

            Oman gears up for its first smart city

            Saudi real estate ‘booming’ on big office space demand

            Saudi real estate ‘booming’ on big office space demand

            Value of Saudi construction contracts jump 35% to $51.3bn: report

            Value of Saudi construction contracts jump 35% to $51.3bn: report

            Qatar to implement new strategies for real estate development

            Qatar to implement new strategies for real estate development

            Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

            Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

            Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

            Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

            Trending Tags

            • Energy
              • All
              • Oil & Gas
              • Power & Electricity
              • Renewable Energy
              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Egypt invests $64mln in electricity network development in South Sinai since July 2014

              Egypt invests $64mln in electricity network development in South Sinai since July 2014

              First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

              First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

              Oman’s refinery products output jumps by 44%

              Oman’s refinery products output jumps by 44%

              Iraq agrees to 30% stake in TotalEnergies $27bln energy project

              Iraq agrees to 30% stake in TotalEnergies $27bln energy project

              Oman signs $20bn hydrogen deals

              Oman signs $20bn hydrogen deals

              Trending Tags

              • Hospitality
                Qatar: Over 700 hotel keys added in Q1

                Qatar: Over 700 hotel keys added in Q1

                Jordan’s tourism income surges 88% as visitors flock to the country

                Jordan’s tourism income surges 88% as visitors flock to the country

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Leisure sector in Qatar stronger after World Cup 2022

                Leisure sector in Qatar stronger after World Cup 2022

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

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              A new juice production factory opens in Egypt

              DNE

              September 7, 2016
              in Agriculture, Business, Food
              0
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              Sakr Group for Food Industries targets to increase its exports this year after the inauguration of its new juice factory.

              The company aims to double its exports of milk products and juices to reach $20m in 2016, compared to $10m last year, chairperson Ahmed Sakr said.

              The inauguration of the company’s new factory for the production of juices, which has an annual production capacity of 1bn packages, will support the company’s exports, he added. The company exports about 15% of its production and Mauritania is considered the company’s most important export market as it acquires 60-70% of the company’s total exports.

              Sakr said that the company used to export 50% of its production before 2011, but the Arab Spring negatively affected the export of agricultural crops. For example, Iraq used to import 120,000 tons of Egyptian cheese, but this has completely stalled because of the Iraqi government’s rejection of Egyptian products.

              He added that 85% of the company’s production is directed towards the local market, pointing out that the holy month of Ramadan and Eid El-Fitr increased domestic sales in June and July.

              Sakr said that some foreign shipping companies insist on collecting their dues in US dollars, which means import costs are increased by about EGP 80 per ton.

              Exporters are facing a great deal of obstacles in the Egyptian market, notably the high prices of production requirements, which is affected by the high US dollar exchange rate against the Egyptian pound—registering EGP 12 on average in the informal market.

              Since the beginning of this month, the price of sugar rose to EGP 5,800 per ton, compared to EGP 4,700 last month. In addition, exporters lack the support of the Egyptian government, while other countries support their exporters. He referred to Turkey, which aims to increase its exports to $350bn and increase its factories to 30,000 by the end of 2023.

              Sakr stressed the importance of building new logistics areas and storage centers outside the ports, adding that most of the factories in Borg El-Arab region have built their storage centers next to the factories.

              The price of dairy products has increased over the past month, amid the decline of domestic dairy production—the dairy production season starts in December and ends in March. This forces the factories to use powdered milk as an alternative to liquid milk. Sakr noted that the price of imported milk powder recently reached $2,000 per ton compared to $1,900.

              Further, the shortage of foreign exchange needed to import production inputs has also negatively affected dairy production during the last period.

              Sakr said that the cost of milk from farms and producers to factories has significantly increased from EGP 3.60 per kg up to EGP 4.20; however, the company did not increase the price of its products as the consumer would not accept any price hikes.

              Sakr demanded that the Egyptian government pay more attention to international trade agreements that support Egyptian exports. He pointed out that the Egyptian government has recently agreed with Russia to import poultry, and he wondered whether or not the government also discussed exporting Egyptian products with Russia.

              Sakr stressed the need to reconsider the export policies and sign new economic agreements to promote the exports of companies in various sectors. He also stressed the need to intensify Egypt’s participation in international exhibitions and to hold many annual exhibitions.

              He demanded that an entity be formed that can gather all relevant government agencies and businessmen to activate Egyptian exports. This entity would determine the target markets, establish marketing centers in foreign countries, and activate the export support programs.

              Sakr said that his company has seven factories in Borg El-Arab, Alexandria, including a factory for triangular and square-shaped cheese with nine production lines, and a production capacity of 1.7 tons per hour. Additionally, there is a Tetra Pak factory and a juice factory with a capacity 6 tons per hour—it produces packages of 200 and 250mm. The company also has a cheddar cheese factory with an annual production capacity of 1,500 tons; a factory to produce fruit concentrates; and another one for the production of margarine and butter.

              Sakr said that his company is the only agent for many international companies in New Zealand, the United States and Europe. Sakr Group has another company called Sakr for International Investment which is the only agent and distributor of Fonterra Company’s production of butter in Egypt. This subsidiary company acquires 70% of the market share in this field.

              Sakr noted that his company is the leading importer and distributor of canned tuna and mackerel from Thailand, liver and frozen meat from the United States, and frozen fish from different countries such as the United Kingdom, Mauritania, Ireland, the Netherlands, and others.
              Daily News Egypt
              7 September

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