Al Ghurair’s disputes over the Minya sugar plant said to be resolved

Al Ghurair’s planned sugar factor in Minya could be inaugurated soon as the disputes surrounding it are about to be resolved, sources told Al Mal. Al Ghurair Group has been in negotiations since 2014 to establish the El Canal Sugar Factory with an annual capacity of 400k tonnes and provide raw materials by reclaiming 184k feddans to harvest sugar beet but faced a dispute over allocating water resources. The sources noted that the investment's cost has increased to EGP 20 bn, up from the EGP 16 bn that was reported in November.