Egypt plans strategic expansion of poultry sector

New partnership between the Giza Chamber of Commerce and Agricultural Bank of Egypt aims to increase poultry production.
calendar icon 27 July 2020
clock icon 2 minute read

According to reporting in Daily News Egypt, the Giza Chamber of Commerce and the Agricultural Bank of Egypt (ABE) plan to sign a cooperation protocol that will boost poultry production in Egypt.

The proposed agreement will expedite the formation of new poultry farms and slaughterhouse projects. This forms part of a central bank initiative to fund small projects with 5 percent declining interest rates.

According to Sameh Al-Sayed, head of the Giza Chamber’s Poultry Division, the exact terms of the protocol are being prepared. They are expected to include forming a joint committee that will streamline the financing process for those who want to establish new poultry farms or processing centres.

Al-Sayed’s comments came amid a meeting that explored Egypt’s plan to expand slaughterhouse construction. The meeting also reviewed measures aimed at preventing the trade of live birds.

Read more about Egypt’s development plans here.

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