Farm Frites Egypt has launched its latest plant in 10th of Ramadan City with investments of about $40 million.
Spanning over 9,300 square metres, the new plant will create 100 direct jobs and more than 5,000 indirect jobs, managing director of Farm Frites Egypt, Ahmed Seddiq, said in a statement released by the Ministry of Investment and International Cooperation on Tuesday.
The plant has an annual output capacity of 50,000 tonnes which will raise the company’s total capacity to 150,000 tonnes, he added.
Farm Frites Egypt aims to increase its exports by more than 65% and the number of its products by 25% from 18.
The company currently exports its products to 22 countries.