France’s AFD to inject €100m in wholesale market project in Egypt

France’s development agency AFD will pump €100 million into the establishment and management of a wholesale market in Egypt next year.

The market will be built in Borg el-Arab; industrial city in the governorate of Alexandria, Arab Finance reports, quoting Minister of Supply Ali Al-Muselhi.

A joint Egyptian-French company will be set up to manage the project in early 2022, the media adds.

Egypt is planning to build additional 14 wholesale markets across the country in order to achieve food security.