Elsewedy Electric, the Cairo-based cable and electrical equipment manufacturer controlled by Egypts El-Sewedy family, has signed a deal with DP World Egypt to build a 29 million EGP 1.42 billion cold-storage facility in Al Oula Industrial City, located in 6th of October City.
The investment will be developed through the familys industrial business, Elsewedy Industrial Development. The project aims to strengthen Egypts cold chain infrastructure, improve food quality, and cut waste, the companies said in a joint statement.
Modern storage hub for food and exports