Latest news with #MohammedAlRefaee
Al-Ahram Weekly
3 days ago
- Business
- Al-Ahram Weekly
UAE's NRTC acquires Egypt's Al Hashemeya Farms - Economy
UAE-based NRTC Food Holding LLC, a leading fruit and vegetable trading company in the Gulf Cooperation Council (GCC), has acquired Al Hashemeya Farms—one of the largest privately operated agricultural estates in Egypt—located in Wadi El-Natrun, the company announced Monday. Founded in 1973, NRTC supplies retailers, hospitality groups, healthcare institutions, airlines, and individual consumers through wholesale channels and its e-commerce platform, NRTC Fresh. The acquisition marks a strategic step in NRTC's long-term vision to secure a sustainable supply of fresh produce and strengthen food security across the region through upstream agricultural integration. 'This acquisition is a pivotal milestone in our journey to control quality at the source, invest in food system resilience, and deliver fresher, better produce to our customers,' stated NRTC CEO Mohammed Al Refaee. Expanding agricultural footprint Al Hashemeya spans approximately 10,000 acres, with 70 percent currently under cultivation. Its crop portfolio includes citrus fruits, olives, mangoes, grapes, dates, wheat, and sugar beet. The estate features over two million fruit trees and is equipped with centre-pivot irrigation systems and solar-powered water infrastructure. With an annual output of up to 70,000 tonnes, the farm significantly expands NRTC's agricultural base, allowing direct control over quality and reducing reliance on third-party suppliers. Strengthening food security The acquisition enables NRTC to better manage supply chain risks, enhance resilience, and contribute to regional food security efforts across the GCC. It also reflects rising investor interest in Egypt's agribusiness sector, supported by the country's arable land, favourable climate, and proximity to key markets. Future expansion plans NRTC plans to further expand across Africa, targeting scalable, climate-resilient farming models that align with sustainability and economic development goals. Attracting Gulf investment is a key objective for Egypt as it seeks to boost foreign currency liquidity, create jobs, and increase private sector participation in the economy, targets aligned with the country's $8 billion loan programme with the International Monetary Fund (IMF). Follow us on: Facebook Instagram Whatsapp Short link:
Zawya
3 days ago
- Business
- Zawya
GCC distributor NRTC acquires Al Hashemeya Farms in Egypt to boost regional food security
UAE – NRTC Food Holding, a fruits and vegetables distribution company in the GCC, has acquired Al Hashemeya Farms, located in Egypt's Wadi El Natrun. The takeover of one of the region's largest privately managed farming estates marks a decisive step forward in the UAE-based NRTC's strategic journey to secure sustainable fresh produce supply and advance regional food security through upstream agricultural integration, according to a press release. The CEO of NRTC, Mohammed Al Refaee, said: 'This acquisition is a pivotal milestone in our journey to control quality at the source, invest in food system resilience, and deliver fresher, better produce to our customers.' Al Hashemeya Farms spans approximately 10,000 acres and currently cultivates 70% of its land, with a diverse portfolio of crops like citrus, olives, mango, grapes, dates, wheat and sugar beet. Moreover, the estate is home to over 2 million fruit trees, supported by modern center-pivot irrigation systems and solar-powered water infrastructure and has a capacity to yield up to 70,000 tons annually. The acquisition, meanwhile, marks NRTC's direct entry into upstream agriculture, significantly enhancing its ability to control quality at the source, reduce reliance on third-party suppliers, and secure consistent, high-volume access to fresh produce. NRTC stated it strengthens its position as a reliable partner in regional food security while building greater resilience across its distribution network through the integration of farming operations into its supply chain. Looking ahead, the UAE distributor is exploring additional agri-investment opportunities across Africa, with focus on scalable, climate-resilient models that balance commercial impact with food security and social development. It is worth mentioning that NRTC was founded in 1973 and is currently serving major retailers, hospitality brands, healthcare institutions, airlines, and households in the Middle East through both wholesale channels and its consumer-facing e-commerce platform NRTC Fresh. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
Zawya
4 days ago
- Business
- Zawya
NRTC acquires one of Egypt's largest farms to boost regional food security
Abu Dhabi, UAE: NRTC Food Holding LLC ('NRTC'), the leading fruits and vegetables distribution company in the GCC, has acquired Al Hashemeya Farms, one of the region's largest privately managed farming estates, located in Egypt's Wadi El Natrun region. This landmark acquisition marks a decisive step forward in NRTC's strategic journey to secure sustainable fresh produce supply and advance regional food security through upstream agricultural integration. Mohammed Al Refaee, CEO of NRTC, said: 'This acquisition is a pivotal milestone in our journey to control quality at the source, invest in food system resilience, and deliver fresher, better produce to our customers.' Spanning approximately 10,000 acres, Al Hashemeya Farms currently cultivates 70% of its land, with a diverse portfolio of crops including citrus, olives, mango, grapes, dates, wheat and sugar beet. The estate is home to over 2 million fruit trees, supported by modern center-pivot irrigation systems and solar-powered water infrastructure and has a capacity to yield up to 70,000 tonnes annnually. This acquisition marks NRTC's direct entry into upstream agriculture, significantly enhancing its ability to control quality at the source, reduce reliance on third-party suppliers, and secure consistent, high-volume access to fresh produce. By integrating farming operations into its supply chain, NRTC strengthens its position as a reliable partner in regional food security and builds greater resilience across its distribution network. Looking ahead, NRTC is exploring additional agri-investment opportunities across Africa, with a focus on scalable, climate-resilient models that balance commercial impact with food security and social development. About NRTC Founded in 1973, NRTC is one of the GCC's leading distributors of fresh fruits and vegetables. The company serves major retailers, hospitality brands, healthcare institutions, airlines, and households across the region through both wholesale channels and its consumer-facing e-commerce platform, NRTC Fresh.
