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FINANCIAL NEWS
Abu Dhabi’s Agthia to undertake USD54.44m backed expansion
17 Jun 2015
(MENAFN) Abu Dhabi’s Agthia, the food and beverage group, is ready to undertake an expansion scheme, backed with USD54.44 million worth of investment, according to the firm’s Chief Executive Officer, Gulf News reported.
The expansion is going to concentrate on the company’s main categories: water, flour, animal feed, in addition to purchasing a bigger market share in each of those classes.
“We’re looking at expanding our presence in Turkey in water for the time being. In Egypt, we’re looking at expanding B2C (Business to Consumer) and expanding our product offering there,” the CEO said in a statement.
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