Industry Minister meets Savola Group, backs expansion, local manufacturing drive

“Egypt’s Minister of Industry, Khaled Hashem, met with a delegation from Savola Group, led by CEO Sameh Hassan, to discuss the company’s operations in Egypt and future expansion plans. The talks align with the government’s broader efforts to strengthen the industrial sector and enhance food security. Savola has maintained a strong presence in Egypt since 1996, operating six factories nationwide, including two sugar plants, one edible oils facility, and three pasta factories. These facilities primarily serve the domestic market while also exporting to neighboring countries. The meeting addressed operational challenges within the wider framework of improving Egypt’s investment climate and supporting industrial growth. Hashem reaffirmed the Ministry’s commitment to backing companies that localize production, increase value-added output, and ensure the availability of essential commodities. He noted that the food industries sector is among Egypt’s fastest-growing, contributing significantly to GDP, meeting local demand, and supporting exports. The Minister further underscored the strategic importance of the sugar industry, citing its role in reinforcing food security and stabilizing markets. He emphasized ongoing government efforts to boost local production, enhance manufacturing efficiency, and move toward self-sufficiency in sugar. For his part, Hassan confirmed Savola’s plans to expand investments in Egypt, describing the country as a key market and the group’s second-largest investment destination after Saudi Arabia. He praised the Ministry’s support for industrial investors, noting that it plays a vital role in enabling companies to achieve their expansion objectives in Egypt. The post Industry Minister meets Savola Group, backs expansion, local manufacturing drive first appeared on Dailynewsegypt .

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