News Pricer.lt

Prekybos naujienos

Feerum will build a factory in Egypt

Feerum zbuduje fabrykę w Egipcie
  • Feerum is a world leader in the production of innovative and comprehensive grain storage solutions, from silos, through treatment plants and dryers, to transport.
  • The planned location of the plant is the East Port Said industrial zone, which is part of the Suez Canal Economic Zone.
  • The Polish company is to cooperate with its Egyptian partner, East Port Said Development, in the construction of the plant. The value of the investment was estimated at EGP 1.6 billion (approx. PLN 130 million).

Feerum took its first steps on the Egyptian market with the support of PAIH. In 2022, representatives of the Polish company participated in the Sahara Expo agricultural fair. At the stand organized by the PAIH Foreign Trade Office in Cairo, they had the opportunity to establish first contacts and see the market potential.

We are extremely proud that the Polish company is developing internationally with the support of PAIH. Egypt is a very promising expansion direction for Polish enterprises in many areas. The contract signed by Feerum is a perfect example that this can be done successfully on a large scale. We encourage companies to contact us, says Ayman Farouk from the PAIH Foreign Trade Office in Cairo.

Polish investment in Egypt

The planned Feerum investment is the first project of such a scale in the history of business cooperation between Poland and Egypt. Over 100 companies with Polish capital have already been established in the country on the Nile, but so far almost exclusively in the areas of tourism, real estate rental and trade. An example of the most developed activity of Polish companies in Egypt so far is Geofizyka Toruń SA, a company belonging to the Orlen Group, which has been operating in this country since 2009, performing seismic surveys for the purpose of searching for oil and natural gas deposits. In the case of Feerum, however, this is the first Polish private production investment, worth approximately PLN 130 million.

Feerum wants to conquer the African and Middle Eastern markets

Feerum representatives indicated better operating costs as the main incentive to invest in this location. Thanks to the investment in Egypt, the Polish company hopes to implement grain silo installation projects on the local market, as well as the surrounding markets of Africa and the Middle East.

Egypt is a promising direction for Poland's economic relations. With a growing population of over 110 million, it is the most populous country in the Middle East. It is also the largest economy in North Africa with good prospects for GDP growth. Egypt is located at the intersection of trade routes and has a developed infrastructure. The state supports the inflow of foreign investments, including: through economic and duty-free zones. The potential for trade and investment exchange concerns primarily the agri-food, construction and technology sectors.

News source

Dalintis:
0 0 balsai
Straipsnio vertinimas
guest
0 Komentarai
Inline Feedbacks
Rodyti visus komentarus

Taip pat skaitykite: