The Egyptian government, represented by the Ministry of Supply and Internal Trade, signed a cooperation protocol with Rungis, the largest French company specializing in the management of wholesale markets in Europe. The goal is to rehabilitate and develop the markets of vegetables and fruits in Egypt.
Minister of Supply and Internal Trade Ali al-Meselhy said that the ministry is exerting great efforts to develop the infrastructure for internal trade, especially wholesale markets and logistics areas, which will contribute to facilitating the transfer and distribution between governorates.
He stated that an agreement was signed between the governments of the two countries to develop logistics areas, wholesale markets and production chains in Egypt, as well as provide technical support and training of Egyptian cadres in a grant of €80 million.
Rungis Project Manager Benoît Juster confirmed the importance of the Egyptian market on the company’s future investment map in the Middle East, pointing out that the company hopes to establish a long-term partnership with Egypt in the establishment and management of wholesale markets.
Egyptindependent.com reported on Juster saying that his company manages, operates and provides support to wholesale markets in France, as well as other countries such as Russia, Kazakhstan, Benin, the Philippines and Budapest. He added that the company’s annual sales volume exceeds €10 billion.
