Author: Canal Admin

Canal Sugar - Articles by: Canal Admin

Iftar Sa’em Campaign

Canal Sugar teamed up with Misr El Kheir Foundation to support the community in West Minya by donating 8000 boxes. The donation came under the umbrella of “Iftar Sa’em Campaign” حملة إفطار صائم organized and managed by Misr El Kheir Foundation.

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Egypt’s Canal Sugar to start production in 2021

Egypt’s Canal Sugar will produce 400,000 tonnes a year of white sugar when it starts production in the 2021 season, the chief executive said on Monday. Construction of the company’s sugar beet factory will be completed this year and the project will reach full capacity of 900,000 tonnes of white sugar a year in 2023, Islam Salem told reporters on…

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UAE, Egypt joint venture to set up $1billion sugar refinery project

Canal Sugar, a $1 billion joint venture between UAE and Egypt investors, will start production next year with the aim to bridge 80 percent of Egypt’s current sugar gap. It’s located in Minya Governorate of Egypt. Egypt produces around 2.5 million tonnes of sugar annually but needs 3.3 million tonnes. Canal Sugar MD & CEO Islam Salem Jamal Al Ghurair,…

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UAE investors to set up $1b project in Egypt

Aden – Yasmine El Tohamy – Some UAE-based investors, along with Egypt’s Al Ahli Capital Holding, are investing $1 billion to set up a sugar refinery as well as develop agriculture land in Egypt. Jamal Al Ghurair, managing director of the UAE-based Al Khaleej Sugar, and other UAE investors will hold 70 per cent stake in the sugar refinery while…

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Minya Governor, CEO of Canal Sugar Co. discuss preparations for establishing sugar beet factory

Minya Governor-General Osama el Qady conferred on Wednesday with Chief Executive Officer of Al Canal Sugar Company, a subsidiary of UAE-based Al Ghurair Group, on measures pertaining to the establishment of a sugar factory to be located west of Malawi city in Minya governorate, Upper Egypt. Head of the Economic Committee at the Parliament Amr Ghalab and Director of Security…

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Farm Environmental and Social Impact Study (ESIA) findings

Farm Environmental and Social Impact Study (ESIA) findings Identified as category C by Egypt’s Environmental Regulatory body, the Egyptian Environmental Affair Agency, Canal Sugar’s  project required a full fledged environmental and social impact study.Canal Sugar hired a certified local environmental consultant, who through examining the environmental setting of the project area, the construction and operational phases and addressing stakeholders, drew…

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Factory Environmental and Social Impact Study (ESIA) findings

Factory Environmental and Social Impact Study (ESIA) findings Through using the same techniques as the farm ESIA to examine the environmental setting of the project area, the construction and operational phases and addressing stakeholders, the environmental consultant drew the following conclusions on the factory:Positive social impacts:Filling the supply gap in sugar where a third of local demand is being fulfilled by…

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Canal Sugar to Sign Three Major Contracts, Having a Strong Kick-Off to its’ Strategic Project

Canal Sugar to Sign Three Major Contracts, Having a Strong Kick-Off to its’ Strategic Project A strong kick-off for the project that will bridge 70% of the difference between consumption and production of Sugar in Egypt Canal Sugar, an Egyptian Joint Stock Company, will be signing three major contracts on 28 April 2019; the first contract comprising three agreements with…

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Canal Sugar signs a Bridge Facility Financing Agreement up to USD 100 mn & EGP 1.2 bn

Canal Sugar Signs a Bridge Facility Financing Agreement up to USD 100 mn & EGP 1.2 bn Canal Sugar, an Egyptian Joint Stock company, headed by UAE investor Mr. Jamal Al Ghurair signed today a USD 100 mn and EGP 1.2 bn bridge financing agreement with a consortium of six banks to finance the procurement, erection and operation of its…

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Dubai’s Al Khaleej in $1 bln Egypt beet sugar mill deal

Dubai’s Al Khaleej Sugar Refinery has agreed to build a major agro-industrial complex to produce beet sugar under a deal signed with the Egyptian government, the world’s largest port-based sugar refinery said on Sunday. The project, named Al Canal Sugar, will be located only about 200 km (125 miles) from its market, Jamal al-Ghurair, managing director of the refinery, told…

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