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TunisiaThe European Bank for Reconstruction and Development boosts Egyptian dairy sector
November 20, 2018
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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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Countries covered:
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Egypt
