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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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