PALMOILMAGAZINE, JAKARTA – In an effort to broaden the market for crude palm oil, the Government of Indonesia has recently encouraged stakeholders to engage in palm cooking oil packaging ventures in the Middle East and Africa, with potential profits reaching up to US$ 6 million.
The Ministry of Trade of the Republic of Indonesia, through its Trade Attaché in Cairo, is actively pursuing opportunities to expand the palm cooking oil packaging business in the Middle East and Africa. This initiative forms part of the government’s commitment to enhance the global presence of Indonesia’s palm cooking oil packaging industry.
On January 3, 2024, M. Syahran Bhakti S, the Trade Attaché in Cairo, along with a delegation from the Indonesian Embassy in Cairo, conducted a field visit to the export and import company El Tawheed in Fayoum, Egypt. This visit signifies a tangible step toward fulfilling the government’s commitment to supporting the palm cooking oil packaging industry from Indonesia.
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“The visit to El Tawheed is the commitment of government to boost market potential in palm cooking oil packaging industry from Indonesia. This has big potential in Middle East and Africa,” M. Syahran Bhakti S said, as in the official statement to Palmoilmagazine.com recently.
The delegation of Indonesian Embassy in Cairo was accepted by Director of El Tawheed, Khaled Khouly and his directors. Khaled told the potential exports of El Tawheed from Indonesia could be reaching USD 6 million in 2024. It would process crude palm oil (CPO) and its derivative products, canned tuna, and canned sardines. He also appreciated the facilitation that Indonesian Embassy in Cairo provided.
In other meeting, Indonesian Embassy delegation in Cairo led by Vice Representative Head Indonesian Republic/Deputy Chief of Mission (DCM) M. Zaim A. Nasution, and M. Syahran Bhakti S, Economic Function Coordinator and II Secretary of Economic Function met Chairman of Fayoum Chambers, Magdi Taha Jaballah. They discussed the opportunity to escalate bilateral business and investment between Indonesia and Egypt.
“Fayoum Chambers did welcome Indonesian Embassy delegation in Cairo. The meeting should get many recommendations to escalate trade and economy between Indonesia and Egypt,” Magdi said. (T2)
