Naeem Holding for Investments will establish a fructose production plant in Cairo with USD 100 mn of investment, chairman Hussein Shobokshi tells Al Mal. Designs are ready and contractors have been selected for the plant, whose establishment was initially announced four years ago. The company secured financing for the project, and is now preparing to buy equipment. Production is expected to start in two years. Naeem has a 30% stake in the plant.

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