In Egypt, the ministers of investment and trade last month opened the new production line of the Dutch Farm Frites company in the 10th of Ramadan City in Sharqia governorate.
The new line will be established on an area of 9,300 square meters with total investments of USD 40 million.
After attending the inauguration ceremony, Investment Minister Sahar Nasr said the expansion of Farm Frites in Egypt is strong evidence that the investment climate in Egypt is improving.
The Netherlands has investments of USD 10 billion in Egypt, she said, adding that Farm Frites will benefit from the recent amendments to the investment law.
The new production line will help Farm Frites to broaden its presence in the country as the largest potato producer, with a production capacity of more than 150,000 tons per year, she noted.
Nasr noted that her ministry is keen on providing all incentives and facilitation for exporters to help them increase their investments in the country.