Egypt’s Nagy Group is intent on securing a foothold in Brazil. Based in the city of Nubariya, along the Alexandria-Cairo route, it exports items including oranges, lemons, onions, artichokes, grapefruit, chives, tomatoes, bell pepper and regular pepper.
To Brazil, it plans on selling frozen strawberry and vegetables, green and black olives, extra-virgin olive oil and sun-dried tomatoes.
“We have our own farms for these products in Egypt and we have a large stockpile,” explains director Mohamed Nagy. “We would like to work with a trader or a direct importer [in Brazil],” he says.
The bulk of the Nagy Group’s exports goes to Australia, Holland and the United Arab Emirates. The company also ships product to Greece and Spain, where Mohamed is based.
According to Nagy, his interest in Brazil stems from “the size of its market and its large population.” He believes the advantages of importing his products are product quality and a favorable exchange rate. “Countries such as Spain and Greece import olives and olive oil from Egypt and re-export to several countries because Egypt’s prices are competitive,” he remarks.