{"id":597588,"date":"2019-07-31T04:07:07","date_gmt":"2019-07-31T04:07:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/31\/canal-sugar-plans-new-usd-200-mn-grain-terminal-in-damietta\/"},"modified":"2019-07-31T04:07:07","modified_gmt":"2019-07-31T04:07:07","slug":"canal-sugar-plans-new-usd-200-mn-grain-terminal-in-damietta","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/31\/canal-sugar-plans-new-usd-200-mn-grain-terminal-in-damietta\/","title":{"rendered":"Canal Sugar plans new USD 200 mn grain terminal in Damietta"},"content":{"rendered":"

INVESTMENT WATCH- Canal Sugar plans new USD 200 mn grain terminal in Damietta: <\/b>Al Ghurair Group\u2019s Canal Sugar is planning to invest USD 200 mn in constructing a pier and grains terminal in Damietta, CEO Islam Salem said at a press conference, according to Reuters<\/a>. The terminal will discharge 3k tonnes of grains per hour. Canal Sugar will self-finance part of the project, and will seek funds from infrastructure financing institutions for the remainder. The contract is expected to be finalized by the end of the year.<\/p>\n

Canal Sugar\u2019s Minya beet sugar factory will be completed October 2020<\/b>, and production will begin in 2021, Salem said during the presser. The USD 1 bn factory<\/a> is expected to be the biggest of its kind in the world. Al Ahly Capital, which had signed a shareholder agreement in December<\/a> for the factory with Al Ghurair and Murban, recently entered talks<\/a> with international lenders for a USD 350 mn loan for the project.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Canal Sugar plans new USD 200 mn grain terminal in Damietta: Al Ghurair Group\u2019s Canal Sugar is planning to invest USD 200 mn in constructing a pier and grains terminal in Damietta, CEO Islam Salem said at a press conference, according to Reuters. The terminal will discharge 3k tonnes of grains per hour. 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The terminal will discharge 3k tonnes of grains per hour. 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The company expects to finalize the terms of the transaction within a month with Al Ahly Capital, which holds a 27% stake in\u2026","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/597588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=597588"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/597588\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/597577"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=597588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=597588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=597588"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=597588"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=597588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}