UAE-Based Food Distributor NTRC Acquires One of Egypt's Largest Farms
Aug 04, 2025
UAE-based food distributor NRTC has acquired Al Hashemeya Farms, one of Egypt's largest private agricultural estates, in a strategic move to enhance food security and control over its supply chain across the Gulf. The farm spans 10,000 acres in Wadi El Natrun and produces up to 70,000 tonnes of fresh fruit and vegetables annually.
The acquisition marks NRTC's first direct venture into upstream agriculture. Previously focused on sourcing and distributing produce, the company now gains control over primary production, allowing for improved quality assurance, crop planning, and operational efficiency.
Approximately 70% of Al Hashemeya's land is currently cultivated with citrus, mangoes, grapes, dates, olives, wheat, and sugar beet. The estate is equipped with centre-pivot irrigation systems and solar-powered infrastructure, and is home to over two million fruit trees.
NRTC stated that the purchase aligns with its long-term strategy to expand operations into climate-resilient farming, particularly in Egypt and other parts of Africa. The company plans to scale this model further to support growing regional demand and reduce reliance on external suppliers.
The move comes amid broader Gulf efforts to reinforce food security through agricultural investment and vertical integration across supply chains.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mid East Info
an hour ago
- Mid East Info
Wamda and Inc. Arabia Collaborate to Strengthen Startup Storytelling in MENA - Middle East Business News and Information
Dubai, UAE – August, 2025 — Wamda , the platform dedicated to supporting entrepreneurship and innovation in the Middle East and North Africa MENA, has entered into a collaboration with Inc. Arabia , the official Middle East edition of the US-headquartered , which is published by 7awi Media Group , to broaden and enrich journalistic coverage of the region's startup ecosystem. This collaboration reflects a shared commitment to inclusive storytelling and media access for founders, entrepreneurs, and ecosystem enablers across the Arab world. By combining Wamda's regional network and ecosystem insights with Inc. Arabia's editorial reach and publishing capabilities, both entities aim to highlight the people and ideas shaping the MENA's innovation economy. 'At Wamda, we believe in the power of consistent and credible storytelling to support ecosystem growth. This collaboration with Inc. Arabia is a practical step toward expanding the visibility of entrepreneurial voices and contributing to a more informed and connected regional narrative,' said Fadi Ghandour, the CEO of Wamda. The collaboration will focus on co-publishing selected stories, exploring opportunities for research-based content, and ensuring broader reach for under-represented voices in the regional ecosystem. It also opens the door for potential joint initiatives that can deepen the media's role in supporting economic and social development through entrepreneurship. 'Inc. Arabia has always championed bold ideas and brave founders. This partnership with Wamda helps us go further—unearthing and amplifying stories that matter across the startup ecosystem,' said Anas (Andy) Abbar, CEO of the UAE-headquartered 7awi Media Group. 'Together, we're building the region's most powerful media engine for innovation and entrepreneurship.' In a region experiencing rapid digital transformation and an increasingly active startup landscape, both Wamda and Inc. Arabia see value in working together to provide high-quality, accessible coverage that informs, supports, and reflects the realities of entrepreneurship in the MENA. About Wamda: Wamda is a leading platform tracking and supporting entrepreneurship and innovation across the Middle East and North Africa. Through its news coverage, research, and community programmes, Wamda provides in-depth insights into the region's startup ecosystem while fostering connections between founders, investors, corporates, and policymakers. About Inc. Arabia and 7awi Media Group: Launched in the MENA region in 2023, Inc. Arabia is the official Middle East edition of Inc. Business Media—an award-winning US-based multimedia brand for entrepreneurs that aims to inform, educate, and elevate the profile of risk-takers, innovators, and go-getters who are creating the future. Inc. Arabia is part of 7awi (pronounced 'Hawi') Media Group , a leading MENA-based group that has been creating engaging, meaningful content across its publishing platforms for the past 12 years.
CairoScene
4 hours ago
- CairoScene
Saudi Logistics Firm Salasa Raises $30M to Expand AI Infrastructure
Saudi Logistics Firm Salasa Raises $30M to Expand AI Infrastructure Saudi Arabia-based e-commerce logistics provider Salasa has announced the close of its $30 million Series B round, led by Artal Capital. The funding will fuel the company's efforts to scale its domestic operations, strengthen cross-border shipping infrastructure, and embed AI across its logistics platform. Founded in 2017 and headquartered in Riyadh, Salasa provides end-to-end fulfilment services including warehousing, last-mile delivery, bonded zones, inventory management, and international shipping. The company plans to use the new investment to expand its network of dark stores and bonded zones across Saudi Arabia and the GCC, while enhancing AI-driven capabilities to optimise planning, inventory, and fulfilment. "We're embedding AI across planning, inventory, and fulfillment to create predictive, self-optimizing logistics," said Hasan Alhazmi, Co-Founder and CBO of Salasa. "This boosts speed, accuracy, and efficiency for merchants, while our cross-border expansion and bonded zone operations open access to new markets regionally and beyond." The company currently works with over 1,000 merchants, including Noon, Amazon, Cenomi, Boutiqaat, Sharaf DG, and Alothaim Retail. It has fulfilled over 50 million products to date and offers integrations with platforms such as Shopify, Amazon, ZID, Salla, and Trendyol. Its partner network includes more than 40 logistics carriers, including Aramex, DHL, and Saudi Post.
CairoScene
6 hours ago
- CairoScene
UAE-Based Food Distributor NTRC Acquires One of Egypt's Largest Farms
Approximately 70% of Al Hashemeya's land is currently cultivated with citrus, mangoes, grapes, dates, olives, wheat, and sugar beet. Aug 04, 2025 UAE-based food distributor NRTC has acquired Al Hashemeya Farms, one of Egypt's largest private agricultural estates, in a strategic move to enhance food security and control over its supply chain across the Gulf. The farm spans 10,000 acres in Wadi El Natrun and produces up to 70,000 tonnes of fresh fruit and vegetables annually. The acquisition marks NRTC's first direct venture into upstream agriculture. Previously focused on sourcing and distributing produce, the company now gains control over primary production, allowing for improved quality assurance, crop planning, and operational efficiency. Approximately 70% of Al Hashemeya's land is currently cultivated with citrus, mangoes, grapes, dates, olives, wheat, and sugar beet. The estate is equipped with centre-pivot irrigation systems and solar-powered infrastructure, and is home to over two million fruit trees. NRTC stated that the purchase aligns with its long-term strategy to expand operations into climate-resilient farming, particularly in Egypt and other parts of Africa. The company plans to scale this model further to support growing regional demand and reduce reliance on external suppliers. The move comes amid broader Gulf efforts to reinforce food security through agricultural investment and vertical integration across supply chains.
