{"id":632175,"date":"2018-02-05T04:21:36","date_gmt":"2018-02-05T04:21:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/al-khaleej-sugar-project-to-have-900k-tonne-capacity\/"},"modified":"2018-02-05T04:21:36","modified_gmt":"2018-02-05T04:21:36","slug":"al-khaleej-sugar-project-to-have-900k-tonne-capacity","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/al-khaleej-sugar-project-to-have-900k-tonne-capacity\/","title":{"rendered":"Al Khaleej Sugar project to have 900k-tonne capacity"},"content":{"rendered":"<p><strong>INVESTMENT WATCH- Jamal Al Ghurair\u2019s <\/strong><a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/24\/sugar-project-the-largest-non-oil-fdi-since-egp-float-nasr\/\"><strong>planned USD 1 bn sugar plant <\/strong><\/a><strong>plant in Egypt will help the country reach self-sufficiency,<\/strong> Investment Minister Sahar Nasr said, <a href=\"https:\/\/af.reuters.com\/article\/commoditiesNews\/idAFL8N1PU02S\">according to Reuters<\/a>. The agro-industrial project, Al Canal Sugar, will be funded in part by Ghurair\u2019s Al Khaleej Sugar Refinery, which will put in around USD 333 mn of the total cost. The Minya plant should begin production in 2020 and put out an annual 900k tonnes of sugar once its fully operational by February 2021. The plant will be located 200 KMs away from its market and use mostly beets as a raw material, according to Ghurair. Land for the project was allocated under a 60 year-contract, the newswire says. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-02-04\/dubai-s-al-ghurair-turns-to-sugar-beets-as-refining-profits-fall\">Bloomberg also has the story<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INVESTMENT WATCH- Jamal Al Ghurair\u2019s planned USD 1 bn sugar plant plant in Egypt will help the country reach self-sufficiency, Investment Minister Sahar Nasr said, according to Reuters. The agro-industrial project, Al Canal Sugar, will be funded in part by Ghurair\u2019s Al Khaleej Sugar Refinery, which will put in around USD 333 mn of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632175","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ab9af178-a790-48ab-b623-39e9067d9a00","order":"0","is_powered_by":true,"section_story_id":"a028a9af-44a0-4f69-8040-c8a50fb8dc8c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[632163],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Al Khaleej Sugar project to have 900k-tonne capacity - 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\/2018\/02\/05\/al-khaleej-sugar-project-to-have-900k-tonne-capacity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al Khaleej Sugar project to have 900k-tonne capacity\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Jamal Al Ghurair\u2019s planned USD 1 bn sugar plant plant in Egypt will help the country reach self-sufficiency, Investment Minister Sahar Nasr said, according to Reuters. The agro-industrial project, Al Canal Sugar, will be funded in part by Ghurair\u2019s Al Khaleej Sugar Refinery, which will put in around USD 333 mn of the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/al-khaleej-sugar-project-to-have-900k-tonne-capacity\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-05T04:21:36+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/al-khaleej-sugar-project-to-have-900k-tonne-capacity\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/al-khaleej-sugar-project-to-have-900k-tonne-capacity\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Al Khaleej Sugar project to have 900k-tonne capacity\",\"datePublished\":\"2018-02-05T04:21:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/al-khaleej-sugar-project-to-have-900k-tonne-capacity\/\"},\"wordCount\":125,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/al-khaleej-sugar-project-to-have-900k-tonne-capacity\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/al-khaleej-sugar-project-to-have-900k-tonne-capacity\/\",\"name\":\"Al Khaleej Sugar project to have 900k-tonne capacity - 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The terminal will discharge 3k\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":546375,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/canal-sugar-company-gets-egp-12-5-bn-syndicated-loan-for-sugar-beet-factory\/","url_meta":{"origin":632175,"position":1},"title":"Canal Sugar Company gets EGP 12.5 bn syndicated loan for sugar beet factory","author":"enterpriseam admin","date":"15 May 2022","format":false,"excerpt":"Canal Sugar Company has secured loans worth EGP 12.5 bn from a consortium of 10 banks led by the National Bank of Egypt (NBE) to help finance its USD 1 bnsugar beet processing facility in West Minya, according to a press release (pdf) from the NBE. A portion of the\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/172.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":633055,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/26\/nbe-looks-into-arranging-a-usd-400-mn-loan-for-al-canal-sugar-factory\/","url_meta":{"origin":632175,"position":2},"title":"NBE looks into arranging a USD 400 mn loan for Al Canal Sugar factory","author":"enterpriseam admin","date":"26 February 2018","format":false,"excerpt":"The National Bank of Egypt is studying arranging a USD 400 mn loan to finance the establishment of the Saudi Al Ghurair Group\u2019s USD 1 bn Al Canal sugar beet processing factory in Minya, unnamed banking sources tell Al Shorouk. First Abu Dhabi Bank, the Arab African International Bank, Qatar\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569040,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/11\/al-canal-sugar-factory-to-output-400k-tonnes-when-production-resumes-in-2021\/","url_meta":{"origin":632175,"position":3},"title":"Al Canal sugar factory to output 400k tonnes when production resumes in 2021","author":"enterpriseam admin","date":"11 February 2020","format":false,"excerpt":"Al Canal\u2019s USD 1 bn Minya sugar factory will output over 400k tonnes of white sugar when production resumes in the 2021 season, CEO Eslam Salem told reporters, according to Reuters. Salem said that the factory will reach full capacity of 900k tonnes in 2023. 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The company did not disclose the value of the agreement. Al Canal is setting up a USD\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597739,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/al-ghurair-signs-egp-5-bn-worth-of-agreements-for-sugar-beet-processing-facility\/","url_meta":{"origin":632175,"position":5},"title":"Al Ghurair signs EGP 5 bn-worth of agreements for sugar beet processing facility","author":"enterpriseam admin","date":"2 May 2019","format":false,"excerpt":"Al Ghurair Group signed three agreements worth a combined EGP 5 bn for its USD 1 bn sugar factory in Minya last week, according to an Investment Ministry statement (pdf). 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