North America Edition
City Farm is an Egyptian company that specializes in exporting frozen vegetables to the US. It has stated that it aims to increase its sales in this market to $50 mln this year, a 43% growth from $35 mln in 2022. The company has been operating in the US market since 2021, when it achieved annual sales of $28m, and has seen a remarkable demand for its products.
According to CEO Mahmoud Lamei, City Farm exports a range of Egyptian agricultural products to various US states, such as New York, New Jersey, Florida, Chicago, Texas, and Michigan. Some of the products that the company offers are spinach, falafel, green beans, grape leaves, bottled juices and peas.
Lamei also made clear that the company has an ambitious expansion plan to enter the European and Gulf markets shortly, leveraging the quality of the Egyptian product and its strong presence in the US market. He added that the company’s total production capacity exported from Egypt is about 1,300 tons per year and that the government is working to increase this amount in line with its policy to boost foreign currency sources.
Source: dailynewsegypt.com
