Eleqtisade News
  • Home
  • Economy
    • Economy of Egypt
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
    • Real Estate
    • Industry and investment
    • Cars and transportation
    • Energy
    • Know your bank
    • Markets
    • Opinion writers
    • Tourism & Aviation
    • video
  • English
    • العربية
    • English
06/06/2025 - 9:52 am
No Result
View All Result
  • Home
  • Economy
    • Economy of Egypt
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
    • Real Estate
    • Industry and investment
    • Cars and transportation
    • Energy
    • Know your bank
    • Markets
    • Opinion writers
    • Tourism & Aviation
    • video
  • English
    • العربية
    • English
No Result
View All Result
Eleqtisade News
No Result
View All Result
  • Home
  • Economy
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
  • English

Food Trip Egypt Unveils EGP 150 M Investments for Business Expansion at Food Africa 2023

«فوود تريب مصر» تكشف عن استثمارات بقيمة 150 مليون جنيه في معرض فوود افريكا 2023
  • 13/12/2023 - 11:05 am
  • write : Ali
  • الرئيسية

Font size

A A
Share on FacebookShare on Twitter

Food Trip Egypt, a rapidly expanding Egyptian manufacturer of high-quality snacks, revealed new investments of EGP 150 million in Food Africa 2023, taking place from December 12 to 14, 2023, at the Egypt International Exhibition Center, under the esteemed patronage of the Egyptian Ministry of Trade and Industry and the Ministry of Supply and Internal Trade.

Samy ElAnsary, Chairman & Managing Director at Food Trip Egypt, expressed: “As we participate in Food Africa for the second consecutive year, we are excited to share that we are actively exporting to close to 20 countries, such as Palestine, Libya, Saudi Arabia, the UAE, the UK, Canada, and various other nations across the Middle East, Africa and Europe. ”

Since its establishment in 2020, Food Trip Egypt has pursued a scientific approach, integrating cutting-edge production methods and expertise. Extensive market research has been pivotal in identifying consumer insights and market gaps, shaping the company’s approach and decision-making process. Embracing “craft cooking” innovation, the company has achieved the crunchiest taste with the least oil content, using high-tech machinery and a refined production process, while introducing unique flavors to the market.

ElAnsary concluded: “Egyptian high-quality products (as Spuds in snacks) provide local consumer with better alternative to imported brands, also have an ideal opportunity to unlock export opportunities. This is particularly crucial as the Egyptian government has been actively working to expand industry localization across various sectors and reduce imports to mitigate the impact of the ongoing global economic crisis and the country’s severe foreign currency constraints.”

Despite only being in production for two years, Food Trip Egypt has successfully positioned its debut product, ‘SPUDS’, as the high-quality brand available at competitive prices in the local market. The product has gained acclaim for its exceptional quality, attaining four ISO certifications among other accolades.

Egypt Food Sector in Numbers

The rapid development of the Egyptian food industry over the past seven years: Tripled the number of companies, extensive modernization efforts, and €16.3 billion in investments. The Egyptian market for food and beverages generated $4.1 billion in revenue in 2022, accounting for a promising 14% of the country’s total exports.

Africa in Numbers

The population of Africa will grow from 1.42 billion people in 2022 to approximately 2.5 billion people by 2050 (source: Africon). Africa is facing a significant change in consumer habits, caused by a rise in average incomes, growing urbanization, increased use of smart phones and a rising demand for health and wellness products – great opportunities for the food industry, manufacturers of consumer goods and the packaging industry.

Food Africa 2023 hosts more than 800 exhibitors from 32 countries. The trade fair is supported by the Egyptian Ministry for Trade and Industry and by the Ministry for Supply and Internal Trade, which underscore the efforts undertaken by Egypt and Africa as a whole for economic growth and technological progress, as well as the importance of international trade and industry for the region.

The conference also focuses on panel discussions, live cooking shows and sustainability and the fight against food loss and waste – offering “Sustainability Design Award”.

Tags: AfricabusinessEgyptEgyptian manufacturerFood Africa 2023Food Trip Egypt

Short link:

RelatedPosts

Related Posts

زيدس تُطلق خدماتها للنقل الذكي بالسوق المصرية
Cars and transportation

Zed’s Launches Smart Mobility Services in the Egyptian Market

مؤتمر «صناع القرار» يختتم نسخته الخامسة بتوصيات للنهوض بأداء القطاع العقاري
Home

«Decision Makers» Conference concludes its fifth edition with recommendations to enhance the performance of the real estate sector

«ريلمى» تطلق realme P1 Pro رسميًا في مصر
Home

realme Launches realme P1 Pro with Stunning Colors and Phoenix-Inspired Design and Sony LYT-600 Camera

«المجتمعات العمرانية»: شراكات قوية مع القطاع الخاص لدعم مشاريع الإسكان الاجتماعي والشبابي
Home

«New Urban Communities»: Strong partnerships with private sector to support social and youth housing projects

٣٠ أكتوبر..Honor of Kings تطلق مبادرة لتحفيز طلاب الجامعات على ممارسة الرياضات الإلكترونية
Tech

«Honor of Kings» in University Initiative Set to Launch October 30th across Universities in Egypt

«أترمس» تستعرض أحدث الابتكارات والحلول في أنظمة المراقبة
Tech

ATERMES to showcase Cutting-Edge Surveillance Solutions at Milipol Qatar 2024

Next Post
«ميتسوبيشي باور» تؤكد أهمية التسريع نحو تطوير منظومة الهيدروجين لتحقيق صافي الانبعاثات الصفري

Mitsubishi Power Underscores Progress to Fastrack Hydrogen Ecosystem Development at COP28

About Eleqtisade News

Eleqtisade News website is concerned with all economic affairs at the local level in various sectors, including banks, the stock market, investment, real estate, cars, communications, markets, tourism, energy, transportation, navigation, insurance, and others.

Categories

  • Banks
  • Cars and transportation
  • Economy of Egypt
  • Energy
  • External economy
  • Home
  • Industry and investment
  • Markets
  • Opinion writers
  • Real Estate
  • Social responsibility
  • Stock Exchange
  • Tech
  • Tourism & Aviation
All rights reserved 2024 © Eleqtisade News . Powered by 
  • About
  • Advertise
  • Careers
  • Contact
  • Editorial Board
  • Homepage
wpChatIcon
wpChatIcon
No Result
View All Result
  • Home
  • Economy
    • Economy of Egypt
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
    • Real Estate
    • Industry and investment
    • Cars and transportation
    • Energy
    • Know your bank
    • Markets
    • Opinion writers
    • Tourism & Aviation
    • video
  • English
    • العربية
    • English

All rights reserved 2024 © Al-Iqtisadi News. Powered by