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Wednesday, 20 July 2016

Raya could build food factory in Sokhna, opens call centre in Poland

Raya Holding is in talks to buy 20% of a Polish food manufacturer, presumably pasta manufacturer Makarony Polskie, Raya Chairman Medhat Khalil told Al Mal. If the transaction is successful, Raya will build a food factory on a 100k sqm land plot in Ain Sokhna, Khalil added. He also noted that the company is expanding its call center business, and has recently inaugurated a 300-seat call center in Warsaw, Poland. Raya also launched a cloud computing platform called Raya Cloud, as we noted yesterday. We had noted in mid-June that Raya was in talks with Makarony Polskie and that it had subsequently started due diligence.

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