Egypt’s Prime Minister H.E. Mostafa Madbouly and Minister of Trade and Industry H.E. Nevine Gamea Visit Edita Food Industries’ E07 Facility

Prime Minister H.E. Mostafa Madbouly, Minister of Trade and Industry H.E. Nevine Gamea, General Ahmed Rashed, Governor of Giza, and Mr. Mohamed Abd El-Wahab, Executive Director of the General Authority for Investment and Free Zones (GAFI) visit Edita’s state-of-the-art E07 facility in 6th of October City

Edita Food Industries S.A.E. (EFID.CA on the Egyptian Exchange and EFID.L on the London Stock Exchange), a leader in the Egyptian packaged snack food market, welcomed today Egypt’s Prime Minister Mostafa Madbouly and Minister of Trade and Industry Nevine Gamea, General Ahmed Rashed, Governor of Giza, and Mr. Mohamed Abd El-Wahab, Executive Director of the General Authority for Investment and Free Zones (GAFI)at its E07 facility in 6th of October. During their visit, the Prime Minister and Minister toured the stateof-the-art facility and saw the production process for some of Edita’s most renowned brands.

Located in Polaris Industrial Prark, 6th of October City, Edita’s E07 facility is one of the company’s five local state-of-the-art production facilities, as well as its first overseas production facility in Morocco, which commenced operations in December 2021. The E07 facility has a total land area of 50,000 square meters, of which 32,500 square meters are built-up, and a labour force of 1,500 employees. The facility encompasses two production halls that house ten of Edita’s 32 production lines producing a wide range croissants, cakes, wafers and rusks. All of Edita’s six local and regional state-of-the-art facilities production facilities operate in full compliance with the highest standards in food safety and manufacturing quality. The facilities have a combined annual production capacity of 181,535 tons and a labour force of over 7,000 employees.

Commenting on the visit, Edita Chairman and Chairman of the Food Export Council Eng. Hani Berzi said: “We are honoured by the visit of Prime Minister, His Excellency Mostafa Madbouly, and Minister of Trade and Industry, Her Excellency Nevine Gamea, to our E07 facility today. The focus on local industry and efforts to promote domestic manufacturing and incentivise exports are essential in strengthening Egypt’s macroeconomic position and in creating long-term sustainable growth. In this regard, Edita is a firm believer in the importance of the private sector’s role and its position as the primary locomotive for economic growth and job creation. The company plans to invest c.EGP 1 billion over the coming three years and to generate employment opportunities in order to further expand its operations. Edita serves as an example of a success story as a local company that has grown to command a leading position in its markets with a large industrial base and a growing regional presence. We hope our achievements and milestones influence a new breed of Egyptian multi country companies and a growing manufacturing and export base for the wider economy.”

In 2021, Edita sold c.2.9 billion packs across its snack food segments, including croissants, cakes, wafers, rusks, biscuits and candy, recording revenues of EGP 5.2 billion for the year. The company currently exports to 17 countries across the Middle East and North Africa, with total export sales standing at EGP 310.0 million in 2021 and contributing 5.9% of total sales for 2021.