Monday, 1 July 2013

Egypt: Increased food demand despite political turmoil benefits Wadi Foods - FT.com

"Though Egypt’s economy has been badly damaged by continuing post-revolution turmoil, the food sector has bucked the trend and an unlikely beneficiary has been a company that established its reputation supplying gourmet products to upmarket hotels and wealthy consumers.
Wadi Food, an agricultural business that has carved out a niche in gourmet olive products, has managed to thrive despite the loss of the important tourism market.
The company, says Khalil Nasrallah, co-founder and executive manager, is on track to reach $21m in sales this year, an increase of more than 50 per cent on the $12.8m achieved in 2012."

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