Egypt's New Hope Agri-Tech factory, a subsidiary of the New Hope Group, has been launched in El-Shikh Zayed City, specifically in the 10th of Ramadan City, with an investment of $30 million. The factory aims to produce advanced agricultural technology products, contributing to the country's food security and supporting the agriculture sector. The launch event was attended by Hazem El-Ashmouny, the Governor of Sharqia, and other high-ranking officials.
The New Hope Agri-Tech factory is expected to provide over 500 direct job opportunities and more than 10,000 indirect job opportunities. The factory will cover an area of 34,000 square meters and have a production capacity of one million tons per year, focusing on producing animal feed, fish feed, and livestock feed. The project is a collaboration between the New Hope Group and the Egyptian government, aiming to support the country's agriculture sector and enhance food security.
The Governor of Sharqia, Hazem El-Ashmouny, emphasized that the launch of the New Hope Agri-Tech factory is a significant addition to the country's production, technology, and food security. He highlighted that the project is a model of Egyptian-Chinese cooperation in investment, industry, and technology, demonstrating the strong relations between the two countries. El-Ashmouny also noted that the project will contribute to the development of the agriculture sector and support the country's efforts to achieve food security.
The New Hope Group has been investing in Egypt since 2011, with a total investment of $130 million. The group has established several factories and companies in Egypt, including a feed production factory in the 10th of Ramadan City, a chicken production factory in El-Sadat City, and a fish feed factory in Gamasa. The group has also provided over 2,000 direct job opportunities and more than 50,000 indirect job opportunities in Egypt.
The Egyptian government has been working to attract foreign investments and support the growth of the agriculture sector. The government has implemented several initiatives to enhance food security, including the development of new agricultural technologies and the expansion of agricultural production. The launch of the New Hope Agri-Tech factory is expected to contribute to these efforts and support the country's economic growth.
The New Hope Agri-Tech factory will utilize advanced technology and equipment to produce high-quality animal feed, fish feed, and livestock feed. The factory will also apply modern production systems to increase efficiency and productivity. The project is expected to have a positive impact on the agriculture sector and contribute to the country's food security.
The launch of the New Hope Agri-Tech factory is a significant step towards achieving Egypt's food security goals. The project will support the country's agriculture sector, provide job opportunities, and contribute to the country's economic growth. The Egyptian government and the New Hope Group are working together to ensure the success of the project and achieve its goals.
Key points
- The New Hope Agri-Tech factory is expected to provide over 500 direct job opportunities and more than 10,000 indirect job opportunities.
- The factory will have a production capacity of one million tons per year, focusing on producing animal feed, fish feed, and livestock feed.
- The project is a collaboration between the New Hope Group and the Egyptian government, aiming to support the country's agriculture sector and enhance food security.
