{"id":578868,"date":"2023-01-17T04:12:21","date_gmt":"2023-01-17T04:12:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/five-consortiums-bid-to-build-three-cooking-oil-complexes\/"},"modified":"2023-01-17T04:12:21","modified_gmt":"2023-01-17T04:12:21","slug":"five-consortiums-bid-to-build-three-cooking-oil-complexes","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/five-consortiums-bid-to-build-three-cooking-oil-complexes\/","title":{"rendered":"Five consortiums bid to build three cooking oil complexes"},"content":{"rendered":"

<\/a> Five local and international consortiums have submitted offers to establish three <\/strong>cooking oil complexes<\/strong> with investments of up to USD 321 mn, a Supply Ministry source told Enterprise, confirming comments attributed to Supply Minister Ali El Moselhy by local media. Our source declined to disclose the names of the bidding companies. The offers come amid state efforts to localize the industry in response to the war in Ukraine, which disrupted global food supply chains.<\/p>\n

REMEMBER-<\/strong> News on the planned tenders first came in October<\/a> with the state planning three cooking oil complexes in Alexandria, Sohag and Sadat City. The three complexes would be specialized in the extraction, pressing and packaging of vegetable oils, Holding Company for Food Industries board member Ahmed Abu El Yazid told us in November<\/a>.<\/p>\n

The current state of production:<\/strong> Egypt has four companies \u2014 all affiliated with the state-owned Holding Company for Food Industries \u2014 working in the production of edible oils with a refining capacity of about 40k tons per month. Egypt currently imports some 1.7 mn tons of raw vegetable oil annually, with palm oil accounting for two-thirds of that figure, while sunflower and corn oil make up the rest. We cover our domestic consumption needs for sunflower oil primarily through imports, with Ukraine typically accounting for 55% of Egypt\u2019s sunflower imports, while Russia covers another 19%.<\/p>\n

The push for localization:<\/strong> The government is looking to localize the vegetable oil industry as part of a push to boost food security and become less reliant on all types of imports amid uncertainty in global markets. It also wants to become a regional hub for producing and exporting Malaysian palm oil by signing trade agreements with Arab, African and European countries.<\/p>\n","protected":false},"excerpt":{"rendered":"

Five local and international consortiums have submitted offers to establish three cooking oil complexes with investments of up to USD 321 mn, a Supply Ministry source told Enterprise, confirming comments attributed to Supply Minister Ali El Moselhy by local media. Our source declined to disclose the names of the bidding companies. The offers come amid […]<\/p>\n","protected":false},"author":1,"featured_media":578869,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7278],"tags":[779,317,72,7111,777],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infrastructure","tag-ali-el-moselhy","tag-commodities","tag-enterpriseam","tag-infrastructure","tag-supply-ministry","wpautop","entry"],"acf":{"mongo_id":"6506a2a6-e311-4c30-8839-a6bfecf36e94","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/1\/272.jpg","photo_position":"above","related_issue":[578861],"teaser":"","voice_url":""},"yoast_head":"\nFive consortiums bid to build three cooking oil complexes - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/five-consortiums-bid-to-build-three-cooking-oil-complexes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Five consortiums bid to build three cooking oil complexes\" \/>\n<meta property=\"og:description\" content=\"Five local and international consortiums have submitted offers to establish three cooking oil complexes with investments of up to USD 321 mn, a Supply Ministry source told Enterprise, confirming comments attributed to Supply Minister Ali El Moselhy by local media. 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cooking oil complex projects, with more in the pipeline: The Supply Ministry has four logistics and retail hubs in the pipeline, along with three cooking-oil complexes worth a combined USD 321 mn \u2014 and signaled we could see another cooking oil complex in partnership with\u2026","rel":"","context":"In "INFRASTRUCTURE WATCH"","block_context":{"text":"INFRASTRUCTURE WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/infrastructure-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/122.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554295,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/28\/food-industries-holding-factories-could-get-a-egp-6-bn-ppp-overhaul\/","url_meta":{"origin":578868,"position":1},"title":"Food Industries Holding factories could get a EGP 6 bn PPP overhaul","author":"enterpriseam admin","date":"28 December 2021","format":false,"excerpt":"Food Industries Holding Co factories could get a EGP 6 bn PPP overhaul: The Supply Ministry is considering partnering up with the private sector to establish four new industrial complexes for food production with investments of EGP 6 bn over the next three to five years, Hapi Journal quoted Supply\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572891,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/13\/privatization-cometh-for-food-industries-holding-co-factories\/","url_meta":{"origin":578868,"position":2},"title":"Privatization cometh for Food Industries Holding Co factories?","author":"enterpriseam admin","date":"13 July 2020","format":false,"excerpt":"PRIVATIZATION WATCH- Privatization cometh for Food Industries Holding Co factories? The Supply Ministry is looking at potentially selling off some of the Holding Company for Food Industries\u2019 factories as part of the government\u2019s plans to develop and restructure state-owned enterprises, Minister Ali El Moselhy tells the local press. According to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595699,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/el-moselhy-itda-boss-talk-internal-trade-investments-with-alhokair\/","url_meta":{"origin":578868,"position":3},"title":"El Moselhy, ITDA boss talk internal trade investments with Alhokair","author":"enterpriseam admin","date":"4 August 2019","format":false,"excerpt":"Supply Minister Ali El Moselhy and Internal Trade Development Authority head Ibrahim Ashmawy met last week with Alhokair Group Managing Director Sheikh Abdulmohsen Alhokair to discuss potential investments in logistics complexes and retail chains in Egypt, according to the local press.","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":552811,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/02\/this-evening-supply-ministry-announces-three-cooking-oil-complexes-open-for-investment-ukraine-fully-reclaims-lyman-in-major-battlefield-loss-for-russia\/","url_meta":{"origin":578868,"position":4},"title":"THIS EVENING: Supply Ministry announces three cooking oil complexes open for investment + Ukraine fully reclaims Lyman in major battlefield loss for Russia","author":"enterpriseam admin","date":"2 October 2022","format":false,"excerpt":"Good afternoon, friends. It\u2019s a slow start to the month and the final quarter of the year here in Omm El Donia.THE BIG STORY TODAY The Supply Ministry is tendering three projects to set up cooking oil complexes worth a combined USD 321 mn in Alexandria, Sohag and Al Sadat\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546573,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/22\/poland-offers-to-transport-our-ukrainian-wheat-shipments-via-rail\/","url_meta":{"origin":578868,"position":5},"title":"Poland offers to transport our Ukrainian wheat shipments via rail","author":"enterpriseam admin","date":"22 May 2022","format":false,"excerpt":"Ukraine has offered to send Egypt wheat cargoes through Poland via rail, state news agency MENA quoted Supply Minister Ali El Moselhy as saying on Thursday. 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