Al Khaleej Sugar expressed interest in establishing a factory in Egypt with an annual production capacity of 450K tonnes, according to an Investment and International Cooperation Ministry statement. The announcement follows a visit by Minister Sahar Nasr to the company’s factory in the UAE port of Jebel Ali. Nasr also met with executives from Abu Dhabi Investment Authority (ADIA), Deutsche Bank, Waha Capital, NBK Capital, Franklin Templeton Investments, Schroders, at EFG Hermes’ One on One Conference in Dubai.

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