Egypt's Dairy Sector To Take Off

Saudi Arabia-based Almarai and soft drinks giant PepsiCo' s joint venture International Dairy and Juice Ltd (IDJ) is believed to be close to acquiring a 70% controlling stake in leading Egyptian-based dairy company International Company for Agro-Industrial Projects (Beyti). Egypt provides a market that is almost double the size of the Persian Gulf region, as well as free trade access to the region and a number of sub-Saharan African markets. Through to 2013, we have forecast food consumption to increase by 16.6% to EGP234bn (US$42bn).

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