Radio Bulgaria
bg
en
de
ru
fr
es
sr
el
sq
tr
ro
News
Bulgarian company awarded with gold license for investment project in Egypt
Friday 3 January 2025 11:24
Friday, 3 January 2025, 11:24
PHOTO Egypt's Ministry of Investment and Foreign Trade
Font size
On the last day of last year, the Egyptian Minister of Investment and Foreign Trade Hassan al-Khatib awarded a total of nine gold licenses at a ceremony at the General Agency for Investment and Free Zones, which was also attended by the Bulgarian Ambassador Deyan Katrachev.
“Balkan Agricultural” was awarded for its project to build and commission a plant for the production of tomato paste and vegetable and fruit concentrates in the 6 October City near Cairo. The investment worth about 20 million euros is expected to provide 80 jobs during the first phase of the project. Eighty percent of the production will be exported.
Over the past two years, several Bulgarian companies in the fields of high technology and software engineering, outsourcing and other sectors have managed to enter the Egyptian market.
In the first eight months of 2024, trade between Bulgaria and Egypt reached a record level of $1.4 billion.