Kandil Attends Signing Contract For Sugar Plant At $372 mln
Dr. Hesham Kandil, Egypt’s Premier, witnessed Tuesday morning singing a contract between the contributors to the project of Al Nouran for sugar, which is set to be established on an area of 430 acres in north of Salhiyyah city. This project comes in the framework of the government’s effort to support the investment projects and working towards providing the climate that attracts investments and creates new jobs.
The Investment Minister Osama Saleh has asserted that the project will provide as to 25% of the consumption; consequently it will reduce the imported quantity and save the hard currency. He added that the production will start within 24 months.
On his part, Ambassador Alaa Al Hadidi, Spokesperson of Egypt’s cabinet, said that the project is about constructing a factor for Manufacturing and refining sugar as well as manufacturing the wastes of the beet industry, the ethanol industry, and food industry.
The spokesperson added that the project’s productive energy is 1730 tons daily, 500.000 tons annually, at costs of $372 million. The project is expected to provide no less than 6000 direct and indirect job opportunities. 
The participant companies are Al Nouran Multitrading Group, the Islamic Corporation for the Development of the Private Sector, the Arab Fund for Economic and Social Development, and the Egyptian Sugar & Integrated Industries Company.
