November 7, 2012

Egypt and Qatar investors in joint venture for poultry project

A joint venture between Egyptian and Qatari investors will see the establishment of a poultry project based in Egypt.

The Poultry Wealth Division (PWD) of General Union of the Egyptian Commerce Chambers, is preparing a project for Qatari investors.

The Egyptian side indicated that talks are going with the Qatari side on the proposal.

He added that the project would preliminarily provide 10 million chickens a year and more than 1,000 jobs would be created.

He hoped that the co-operation with the Qatari side in this respect would initiate an "Arab union" for the sector that would include GCC countries, Egypt and Sudan, aiming at achieving self-sufficiency in chicken products in the Arab region.

Dr Al-Sayed indicated that the project would be based in Egypt.