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Sunday, 21 April 2019

Canal Sugar to sign three MoUs for investments worth USD 1 bn

Al Canal Sugar is expected to sign three MoUs with ElSewedy Electric, Saudi’s Alkhorayef Group and China’s Sinoma International Engineering to facilitate new projects worth USD 1 bn, reports Al Mal. Agreements with Al Kharafi will be in the area of irrigation, while Sinoma will oversee development of a new Minya factory and ElSewedy is expected to provide high-pressure water lines.

Correction: 21 April, 2019

An earlier version of this article incorrectly referred to Alkhorayef Group as Al Kharafi Group. 

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