Ahmed Abou Hashima Signs Landmark Agreement with Elsewedy Industrial Development to Build the Middle East’s Largest Agricultural Food Industries Complex with a $300 Million Investment

In a historic step for Egypt’s agri-food sector, Elsewedy Industrial Development, a subsidiary of ELSEWEDY ELECTRIC, signed an agreement with MAFI for Agricultural Produce Industries to allocate 154,000 square meters of industrial land in Industria Sadat City. This collaboration will pave the way for establishing the largest agricultural food industries complex in the Middle East.

The agreement was signed by Engineer Ahmed Elsewedy, President & CEO of ELSEWEDY ELECTRIC and Chairman of Elsewedy Industrial Development, and Ahmed Abou Hashima, Founder and Chairman of MAFI. The signing ceremony also welcomed the presence of Engineer Mohamed AlKammah, CEO of Elsewedy Industrial Development, and Sherif Tantawy, CEO of MAFI for Agricultural Produce Industries, reflecting the partnership’s strategic importance.

Driving Growth in Egypt’s Industrial and Export Sectors

Engineer Ahmed Elsewedy emphasized the project’s potential to significantly bolster Egypt’s economy by advancing industrial diversity. He highlighted that 100% of the complex’s production capacity will be allocated to exports, reaffirming Egypt’s competitiveness in the global agricultural industry. “This complex stands as a testament to Egypt’s ability to lead in the agri-food sector globally, providing high-value products while leveraging our competitive edge,” Elsewedy stated.

Visionary Investment for Egypt’s Future

Ahmed Abou Hashima shared his vision for the project, underscoring its transformative impact on the Egyptian economy. “This complex is more than a facility; it’s a platform to maximize the value of Egypt’s agricultural resources through world-class manufacturing capabilities. Partnering with Elsewedy Industrial Development ensures that we are not only delivering innovation but also aligning with global standards,” Abou Hashima explained. He further noted that the project would create over 7,000 direct and indirect job opportunities, significantly contributing to employment and economic stability.

The $300 million complex will include five cutting-edge plants equipped with state-of-the-art technologies, in partnership with leading international companies. Among its highlights are:

• Two of Egypt’s largest plants for producing orange concentrates, tomato concentrates, and various fruit products.
• The Middle East’s first Cloudy Products plant, setting new benchmarks for innovation.
• One of the world’s largest freeze-drying facilities for fruits and vegetables.
• A high-tech facility for freezing fruits and vegetables, enhancing export potential.

These facilities will not only increase the production of high-quality agricultural products but also support MAFI’s commitment to exporting 100% of its output, contributing to Egypt’s foreign currency reserves and strengthening the national economy.

Supporting Sustainable Industrial Development

Engineer Mohamed AlKammah applauded the partnership as a significant addition to Sadat City’s industrial portfolio. He noted that Elsewedy Industrial Development’s expertise in creating sustainable industrial cities, combined with the support of Elsewedy Technical Academy in training a skilled workforce, would ensure the project’s success.

“The agri-food industries complex will further diversify Sadat City’s industrial landscape while positioning Egypt as a leading player in global agricultural exports,” AlKammah remarked.

Building a Legacy of Innovation

With this agreement, MAFI is set to redefine Egypt’s agricultural food industry. The complex represents a remarkable collaboration between local expertise and global technology, ensuring that Egyptian agricultural products reach international markets with uncompromising quality.

As Egypt strengthens its position as a regional hub for agricultural production and exports, this visionary project—led by Ahmed Abou Hashima and in partnership with Elsewedy Industrial Development—stands as a shining example of what can be achieved through strategic investments, cutting-edge innovation, and unwavering commitment to excellence.