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Tuesday, 28 June 2016

Arab companies looking to fund 49% of EGP 2.5 bn Salhiya sugar factory

Arab companies have earmarked 49% of the EGP 2.5 bn in investments needed to build the Salhiya sugar factory in 2018, sources at the Food Industries Holding Company told Al Borsa. Egypt will hold the remaining 51% of the equity, with 17% to the Sugar and Integrated Industries Company and 36% to the private sector, the source added. The factory will produce beetroot sugar at a capacity of 250k tonnes annually, he said.

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