Saudi's Al Rabie to partner with local investors to establish EGP 350 mn oil plant

Saudi food group Al Rabie is in talks with Egyptian partners to establish a new edible oil refinery with initial investments of around EGP 350 mn, Youm7 reports. The plant will extract and refine oil from sunflower, soy, and maize, producing at an annual capacity of 120k tonnes and gradually growing to produce 500k tonnes per year.