Egypt Dina Farms, Egypt’s biggest private sector farm with a footprint of around 10,000 acres and a herd of over 17,000 cattle, is set to get a funds infusion, which will set a new phase of growth for the company and see its milk and yoghurt production capacity double. The improvements will include the addition of a new yoghurt production line.
Dina Farms’ parent company, Qalaa Holdings, which is Egypt’s energy and infrastructure ventures investor, and has invested 500-million Egyptian pounds so far, is planning to pump a further 400-million pounds.
Qalaa’s chairman and founder Ahmed Hiekal, said, “The new investments will be pumped in to serve milk production operations, increase the planted areas and to execute solar plants in order to use clean energy in our farms.”
Dina Farms is currently focusing on four integrated business sectors: agriculture, livestock, dairy manufacturing and a farm retail outlet.
Dina Farms established in 1987 with 300 Holstein Friesian heifers, was originally acquired by Qalaa Holdings in 2007 but has grown to become Egypt’s largest producer of fresh milk. By the end of this year, it will have 17,194 heads of cattle and 8,529 milking cows.