Raya Foods, subsidiary of Raya Holding for Financial Investment, aims to increase export sales by more than 90% in 2019, CEO of FMCG sector at Raya, Samer El-Waziri said.
The food industries firm plans to export products worth $250 million in 2019, up from export sales amounting to $130 million a year earlier, El-Waziri revealed on the sidelines of a conference held by the company.
During the first half of 2019, export sales registered $130 million, he added.
Since being established, Raya Foods has injected investments worth EGP 400 million.
El-Waziri also revealed that the company is currently in talks with Japan and Saudi Arabia to export agricultural products.