Al Nouran Sugar Secures USD357mn Funding


News: Egypt's Al Nouran Sugar has received USD357mn funding for a new sugar unit, which will have 588,000 tonnes of sugar production capacity per year once it becomes operational. The move is expected to generate 3,000 new jobs and will potentially reduce the country's dependence on imported sugar by up to 25%, according to the Islamic Corporation for the Development of the Private Sector. The unit is expected to be complete and operational in 2016.

This article is tagged to:
Sector: Food & Drink, Agribusiness
Geography: Egypt