Canal Sugar Project - Egypt
- To be largest beet sugar producer globally
- To have 36,000 tonnes a day capacity
- Moves production closer to market
- To make Egypt self-sufficient.
Dubai's Al Khaleej Sugar Refinery has agreed to participate in the construction of a major agro-industrial complex to produce beet sugar under a land deal signed between Canal Sugar company and the Egyptian government.
The project, named Al Canal Sugar, will be located only about 200 km (125 miles) from its market, Jamal Al-Ghurair, Managing Director of Al Khaleej Sugar Co LLC, told an industry conference in Dubai.
Investment Minister Sahar Nasr said the project, with a cost of around $1 billion, would produce 900,000 tonnes of sugar annually, filling a supply gap in the market and making Egypt self-sufficient in sugar.