Africazine:
Nahr Elkhair has secured a significant agreement with a Dubai-based firm.
The Al Khair River for Development Agricultural Investment and Environmental Services Company (Nahr Elkhair) has signed a five-year contract valued at EGP 2.3 billion to sell and supply medicinal plants to Thimar, a company based in Dubai.
Nahr Elkhair’s Major Contract with Thimar
This agreement marks a notable step for Nahr Elkhair as it expands its reach into international markets. The contract focuses on the sale and supply of medicinal plants, highlighting the growing demand for such products in the Gulf region.
The partnership with Thimar is expected to enhance Nahr Elkhair’s operational capabilities and contribute to its growth strategy over the next five years.
Nahr Elkhair: Key figures on medicinal plants
- EGP 2.3 billion
Context of the Agreement
The agreement with Thimar is part of a broader trend where African companies are increasingly engaging with international partners. This collaboration not only opens new markets but also showcases the potential of Africa’s agricultural sector.
Medicinal plants have seen a surge in demand, driven by a global interest in natural and organic products. Nahr Elkhair’s focus on this sector positions it well to capitalize on these trends.
Future Prospects for Nahr Elkhair
- Implementation of the five-year contract with Thimar.
- Expansion of product offerings in the medicinal plants sector.
- Potential for further international partnerships.
This agreement underscores the growing significance of Africa’s agricultural exports in the global market.
