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Bulgarian company awarded with gold license for investment project in Egypt

published on 1/3/25 1:24 PM

Photo: Egypt's Ministry of Investment and Foreign Trade

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.

Bulgaria and Egypt discuss possible direct air routes

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.

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Radio Bulgaria Economy Cairo Egypt

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Bulgarian company awarded with gold license for investment project in Egypt

More from category

A 100 square meter apartment in Bulgaria costs 199 average monthly salaries

Expected deficit at the end of last year exceeds €3 billion

Which currencies will be most sought after by Bulgarians in 2024?

A 100 square meter apartment in Bulgaria costs 199 average monthly salaries