Interesting; here you see the de-development goals of “development banks”.
“The company’s presence in Egypt is cemented with Aller Aqua Egypt, which the company acquired in 2011 with the help of the Investment Fund for Developing Countries.”
The Danish company bought a local firm, which means that “Egypt’s largest and most modern production facility” isn’t actually Egypt’s at all.
In 2011 Aller Aqua Group took over the majority of the family owned company Zoocontrol.
This is not “investment” in Egypt, it is exploitation. Any development, any products, and any profits derived from this facility are Danish. Egyptians simply have the honor of being allowed to help Aller Aqua Group maximize profitability and efficiency.
You can also make note of the fact that the entire article is actually just a company press release
Denmark-based feed producer inaugurates new factory in Egypt
External Context سياق خارجي
Denmark-based feed producer inaugurates new factory in Egypt