News International Sugar Journal

Egypt – Al Ghurair Group plan to invest US$ 1 bln in a beet sugar project [Full subscriber]

The General Authority for Reconstruction Projects and Agricultural Development (GARPAD) and El Canal Sugar, a subsidiary of the Emirati Al Ghurair Group, signed a US$1bln integrated investment project agreement on 22nd January in the Minya governorate. This includes a beet sugar factory and reclamation and cultivation of sugar beet crop, on an area of 181,000 feddans (76,020 ha), according to local press reports. The signing was witnessed by the Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly and the acting prime minister Dr Mustapha Medbouli. US$450 million will be allocated to building the beet sugar factory, which when fully operational,…

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