date:May 13, 2019
Egypts frozen fruit and vegetable exporter Farm Fresh is set to build a factory in Alexandria using funding from the European Bank for Reconstruction and Development (EBRD) and the European Union (EU).
The plant will have high-tech production lines and feature machinery and equipment for sorting, blanching, freezing and packaging fruit and vegetables.
The financing package of 7.3m includes a 2.1m loan from the EBRD, a 0.3m grant from the EU, a 2m loan from Ahli Bank of Kuwait and 2.9m equity f