Nivex Agricultural Investment aims to boost its sales by 10% in 2017 to reach $200m, up from $180m in 2016.
He explained that the company is seeking to compensate for the decline in the value of exports on the back of increased production costs.
Nivex sought to increase its exports in 2016 by 10%, but financial results showed they recorded only $180m.
Nivex owns about 500 feddans cultivated with crops channeled for exports. The company also rents a similar area to meet its foreign demand. The company exports 90% of its production, and feeds 10% to the domestic market.
Yacoub said that forecasts indicate a relative improvement in exports in 2017, compared to 2016, adding that it will need more incentives to help companies compete in foreign markets.
source: dailynewsegypt.com
