The European Bank for Reconstruction and Development boosts Egyptian dairy sector

20-11-2018
Egypt
Egypt
Copyright: ©European Union

Fostering the Egyptian dairy sector, the EBRD is providing a US$ 7 million loan to support the expansion plan of Obour Land, a leading Egyptian dairy producer.

The company’s plan includes the establishment of a dairy farm with an estimated production of 60 tonnes of milk per day.

The prospects for expansion are promising. Growth in the dairy products market – driven by high demand and by consumer preferences shifting towards packaged milk following increased health and safety awareness in Egypt – has encouraged dairy farms to expand rapidly.

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Press release