(MENAFN- Daily News Egypt) Cairo 3A for Agricultural and Animal Production, a subsidiary of Cairo 3A, is an Egyptian company that specializes in agricultural business. Cairo 3A Poultry, a market leader in the poultry industry in Egypt, plans to invest EGP 800m in building a factory for processed poultry products on an area of 30,000 sqm, in Sharkia Governorate. It also plans to establish fattening poultry farms to meet the Egyptian market demand with investments of EGP 200m, according to CEO Ibrahim Wagdy. Wagdy told Daily News Egypt that his company aims to keep its market share in the frozen and chilled poultry sector in 2024, which is about 25% of the Egyptian market. Despite the drop in sales of the local market by 30-40%, Cairo 3A Poultry aims to increase its sales by 20-25% in the next year, Wagdy said.
