- Sekem plans to invest up to EGP 500M (USD 10M) over three years, focusing on food and agriculture expansion.
- Isis, its key subsidiary, launches a new cheese plant and expands mineral water and herbs production lines.
- International growth includes new ventures in Saudi Arabia and Algeria, plus entry into 7+ export markets.
Egypt’s Sekem Holding is gearing up for major growth, dropping nearly half a billion Egyptian pounds into food and agriculture over the next three years.
SEKEM
What happened? Sekem Holding announced plans to invest between EGP 450 to 500 million (USD 10M) over the next three years. This is for expansion purposes especially in the food manufacturing and agricultural investment sectors.
This was disclosed by CEO of SEKEM, Helmy Aboueleish, in an interview with Alsharq Business.
What is new? Isis, Sekem’s key subsidiary, is about to launch a new natural cheese factory, backed by an EGP 50 million investment. The company will also add two production lines: one to boost mineral water output and another at its herbs factory, where Seekem holds over 90% ownership.
Going beyond Egypt The group is setting up two new companies in Saudi Arabia and Algeria, with each startup backed by EGP 30M–35M. This will be in partnership with local investors in each country. They will partner with Diwan Al-Khaleej in Saudi Arabia and BT Food in Algeria. Both launches are expected within months.
In addition, Sekem plans to break into 7 or 8 fresh markets, including Slovakia, China, Indonesia, and Argentina. These moves should boost exports, which already make up half the group’s EGP 1.5 billion business volume expected by end of 2024.
Agricultural Investment On the agriculture side, Sekem is ready to invest EGP 200M–300M into the agricultural sector. This aims to expand farming operations over three years, assuming interest rates stay favorable.
The company also aims to sign more farmers, aiming to grow from 16,000 to 40,000 by year-end. Plus, they plan to issue up to 300,000 carbon certificates annually, highlighting their green commitment.
Sekem’s portfolio includes Isis Organic (since 1997), Sekem Health, Atos Pharma, Nature Tex (organic textiles), and Lotus.
Bottom line? Sekem Holding is betting big on food production, agriculture, and regional expansion to power growth and diversify revenue across MENA.
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