The Clap
Raya Holding (RAYA) subsidiary “Raya Foods”, which is responsible for exporting frozen goods, has set an ambitious sales target for 2023.
Deets
The company is eyeing EGP one billion in sales next year, almost 50% more than its current sales.
The company is relying on entering the Brazilian market as well as introducing new products like onions & apricot.
So what
Raya Foods was initially established to be the main source of foreign currency for Raya Holding, something it has achieved according to Raya Foods’ CEO.
Now what
Raya Holding plans to inject uo to EGP 500 million into building a food industrial complex over the coming few years.
