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Saudi Zadna to implement mammoth date project in Egypt

Saudi Arabia's Al Rajhi's subsidiary Zadna Agriculture Services will invest LE 2 billion in implementing a giant project for cultivating, processing and distributing  date in Egypt, the Egyptian trade and industry minister said on Thursday.

The company has started cultivating palm trees on 1000 feddans in Bahariya Oasis in Egypt's Western Desert, Tareq Qabil said, noting that Bahariya Oasis' output of date exceeds 60,000 tons annually.

The company will soon take needed measures to set up a factory for producing dates, he said.

Qabil made the remarks during a meeting with a delegation from the company under  Abdul Wahab Al-Rajhi.

Qabil said the ministry seeks to boost quality and production of date in Egypt in order to give momentum to Egypt's date exports and, hence, create more jobs.

He said Egypt ranked number 1 in date production at the international level as it produces 18% of international date production.

He underlined the importance of marketing and branding Egyptian date products to help boost their competitiveness as well as their spread in local and regional markets.

Meanwhile,  Al-Rajhi said the company is interested in investing in the Egyptian market since 2002.

He said the Egyptian market is a promising date market in the Middle East and Africa.

He said coordination is underway with the Egyptian Trade and Industry Ministry to facilitate transportation and storage of high quality date.

He noted that the company seeks to benefit from the facilities offered by the ministry, including easing participation in exhibitions and securing skilled workers and specialized expertise as well as infrastructure and utilities.

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