Month: February 2020

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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