Int’l company for sugar beet plans $500m industrial project

Cairo – Mubasher: The International Company for Sugar Beet is planning to build the biggest industrial complex in Egypt, with $500 million (EGP 8.8 billion) investments.

Situated on 150 feddans, the complex is will be located in Ismailia’s Al-Qantarah al-Sharqiyya and will produce beet sugar and fodder, the company said in a statement released on Tuesday.

The chairman Saber Hamouda said that his company was in talks with a group of major German firms for the construction of the planned industrial complex.

The project is expected to be completed within two years.

Mubasher Contribution Time: 12-Feb-2019 18:30 (GMT)
Mubasher Last Update Time: 12-Feb-2019 18:30 (GMT)