Egyptian Investment Firm Qalaa Holdings to Invest $24 Million Into Agrifoods Company Dina Farms

Qalaa Holdings, one of the leading Egyptian investors in energy and infrastructure ventures is planning to funnel in approximately $24 million into its Dina Farms venture over the next three years. During a recent media visit, the company told journalists about their future plans that include new phase of growth that will expand the milk and yoghurt production capacity to double, with the addition of a new yoghurt production line.

Dina Farms was originally acquired by Qalaa Holdings in 2007 but has grown to become Egypt’s largest producer of fresh milk. Currently, the company is focusing on four integrated business sectors: livestock, agriculture, diary manufacturing and a farm retail outlet.

“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,” states Ahmed Heikal, Qalaa Holding’s founder and chairman. The company is also looking to grow its range of agricultural products, with the emphasis on the production of in-house animal feed in hopes of achieving 85% self-sufficiency by 2020.

Additionally, Dina Farms will continue growing its herd and is undertaking various efforts to improve milk production, including installation of cooling systems and curtains at milking stations. Dina Farms is Egypt’s biggest private sector farm, with an estimate of over 17,000 heads of cattle, 8,000 milking cows, and around 10,000 acres of land.