Farouk highlighted the Ministry's commitment to partnerships with major international companies for price stability and quality food availability. He stressed that private sector cooperation is key to food security for Egyptian citizens. The Minister stated this partnership strategically advances the Ministry's plan to improve supply, distribution, and services for citizens.
The Minister noted that the signing of this partnership
represents a strategic step within the Ministry's plan to develop the supply
and distribution system and raise the efficiency of services provided to
citizens.
For his part, Bandar Hamouh affirmed that the Panda Group
places the Egyptian market at the forefront of its investment priorities,
expressing his appreciation for the vital role of the Ministry of Supply in
regulating markets and protecting consumers. He also stressed the company's
commitment to providing high-quality products, contributing to the development
of the retail sector, and supporting government initiatives aimed at improving
the efficiency of the supply chain.
Discussions at the meeting also focused on how to exchange
experiences in storage and distribution and develop modern strategies. The aim
was to improve operational efficiency and reduce waste, guaranteeing that
citizens receive food commodities of the highest quality at reasonable prices.
Concluding the meeting, Brigadier General Ahmed Fathy
emphasized the crucial joint cooperation between the General Authority for
Foreign Aid and Panda Egypt. This collaboration is vital for ensuring price
stability and the availability of high-quality goods at reasonable prices,
ultimately benefiting Egyptian citizens and supporting the state's sustainable
food security plans.
Panda Egypt began its Egyptian operations in 2015, launching its initial branch in 6th of October City. Subsequently, the company grew to include six branches over nine years. This expansion was further marked by the renovation of seven branches in Nasr City and Obour City, with total investments surpassing half a billion Egyptian pounds.