ArabFinance: The Egyptian government is preparing for merging preserved food companies Edfina and Qaha at a total investment of EGP 1.6 billion, according to a December 15thCabinet statement.

The state aims to optimize the available assets, besides automizing all existing lines of production, distribution, and export, the cabinet noted.

The two firms are expected to produce more than 1,000 tons annually for exports use at a total value of EGP 100 million.

Both Qaha and Edfina had previously entered into a plan for setting up a logistics zone in Safaga for packaging of fruits and vegetables.

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