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English news

10-Apr-2016

Al Watania Poultry to invest EGP2 billion over next five years

Al Watania Poultry Company, an Egyptian-Saudi company that has a c45% market share of the domestic poultry market, is looking to invest EGP2 billion in Egypt over the next five years, according to a company representative Abdullah Bin Saud. This should bring the company’s total investments in Egypt to EGP5 billion, he added. On another note, the company is targeting an increase in production capacity to 50,000 eggs and 250,000 birds/year in addition to a daily production of 16,000 tonnes of feed. (Amwal Al Ghad)

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