Dina Farms, a Qalaa Holdings subsidiary and the largest private sector farm in Egypt, has announced an investment of $24.4 million in its dairy farm and related businesses over the coming three years in order to expand production, according to a report in Food Business Africa.
The company’s plans are said to include the setting up of a new production line to double production capacity for yoghurt.
Commenting on the investment, Qalaa Holdings chairman Ahmed Hiekal said: “The new investments will be pumped in to serve milk production operations, increase the planted areas and to execute solar plants in order to use clean energy in our farms”.
The company has already invested $30 million on the farm to date, he added.
Dina Farms has an agricultural footprint of 10,000 acres with integrated operations in agriculture, livestock, dairy manufacturing, and retail.
Source: Food Business Africa