Egypt: Integrated Industries is studying a proposal to establish two sugar and alcohol factories in Tanzania

Published 2024년 5월 14일

Tridge summary

The Sugar and Integrated Industries Company of Egypt is considering a proposal from the Tanzanian government to establish two sugar and alcohol factories in Tanzania, utilizing Egyptian expertise. An invitation has been extended to the Tanzanian government for a visit to Egypt to begin discussions on the location and production volume of the factories. This proposal comes following the company's unannounced intentions to build a large sugar factory in Tanzania with a 2 billion pound investment. The company has a history of building factories in various countries and has allocated 360 million pounds for modernization and efficiency improvement.

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Original content

The Sugar and Integrated Industries Company, affiliated with the Ministry of Supply, is studying an offer submitted by the Tanzanian government to help it establish two sugar and alcohol factories there, and to benefit from Egyptian expertise in this field. Major General Essam El-Din El-Badawi, Managing Director and CEO of the company, said in statements to Al-Mal, on the sidelines of an inspection tour of the Arment factory in Luxor, that “Integrated Industries” received a memorandum from the Tanzanian government explaining that the two sugar and alcohol factories are to be established within a huge agricultural and industrial complex. Al-Badawi added that an invitation had been sent to the government of Tanzania to organize an official delegation that includes specialists in this regard to visit Egypt, in the middle of this month. He said that after the visit, discussions will begin to determine the area of the two factories to be established in Tanzania, in addition to the ...

Source: Almalnews