The Egyptian-Gulf Investment Group has revealed its plans to increase exports next year, aiming to export around 3,000 tons of medicinal and aromatic plants, as well as dried onions, as part of its strategy to expand its global market reach.
Targeting New Markets and Strengthening Partnerships
Mostafa El-Khashab, Chairman of the Egyptian-Gulf Investment Group, stated that the company currently exports its products to the United States and is in negotiations to begin exports to Germany in the near future.
In an exclusive interview with The Economic Analyst, El-Khashab revealed that the company is planning to enter the Russian market next year, where it is currently exploring opportunities to expand its operations in this significant market.
He emphasized that the company’s expansion strategy focuses on targeting markets with high purchasing power, which would facilitate faster achievement of its growth objectives. Additionally, diversifying the markets helps ensure the company’s products reach customers worldwide.
Diversified Product Range and Tailored Solutions for Clients
The group’s services are not limited to exporting medicinal and aromatic plants. They also meet other customer demands, including products that the company does not specialize in, through collaborations with local partners.
El-Khashab explained that the group currently supplies around eight varieties of medicinal and aromatic plants and has the capacity to meet additional customer needs via its extensive partner network.
Advanced Technology to Enhance Production and Quality
El-Khashab also highlighted the group’s investment in two state-of-the-art sorting and color grading lines, which significantly improve the quality of their products. With this advanced technology, the company ensures its clients receive products that meet the highest quality standards.
He added that the integration of a manufacturing sector into the company’s operations has greatly enhanced product quality, helping the company obtain international certifications required to export to various global markets.
Dried Onions: A Key Product for the Group
One of the group’s main focus products is dried onions, which undergo meticulous processes including peeling, drying, and packaging.
El-Khashab emphasized that Egypt is one of the largest exporters of dried onions, enjoying a competitive advantage in terms of quality and pricing, making Egyptian dried onions highly sought after in global markets.
He also pointed out that Egypt exports dried onions to major markets such as the United States, Europe, and Gulf countries, with these markets accounting for the majority of Egypt’s dried onion exports.
Egypt Among the Top 5 Dried Onion Exporters
According to global reports, Egypt is ranked among the top five dried onion exporting countries, competing with nations such as India and China for leading positions on the export list.
Egypt continues to strengthen its position as a key player in this sector, particularly with the increasing global demand for dried onions, presenting significant growth opportunities for local companies like the Egyptian-Gulf Investment Group.
The Egyptian-Gulf Investment
As part of its future expansion plans, El-Khashab disclosed the company’s intention to establish a new essential oils factory, which will enhance its ability to produce high-quality essential oils from the same medicinal and aromatic plants it already works with.
The company aims to export the entire output of this factory to international markets, leveraging its experience in expanding into new markets and increasing production capacity to meet growing demand.
Future Expansion and Innovation in Production
In conclusion, El-Khashab affirmed the group’s commitment to constantly innovating its production processes and expanding its product range. This is being achieved through strengthening partnerships and increasing the factory’s capacity to meet both local and international market demands.
He stressed the importance of the company’s investment in improving production processes to ensure the delivery of world-class products, which in turn boosts the group’s competitiveness in global markets.
The Egyptian-Gulf Investment
Founded in 2020, the Egyptian-Gulf Investment Group has continued to achieve significant success in the medicinal and aromatic plants sector. With over 30 years of experience in exporting food products and agricultural crops, the group is expanding its global presence by increasing its production capacity and ensuring product quality, placing it at the forefront of Egyptian exporters.
The group plans to participate more actively in specialized international exhibitions in the near future, including an upcoming visit to the SIAL Exhibition in Paris this month.
Locally, the group participated for the second consecutive year in the Medicinal and Aromatic Plants Festival held in September. The participation aimed to enhance the company’s presence and promote its products, as well as expand both local and international partnerships.
Their involvement in the Medicinal and Aromatic Plants Festival reflects the company’s strategy to expand its market reach and showcase the quality of its products, marking an important step in the group’s plan to grow its global footprint.
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