Egypt re-exports palm oil to the global market and Al-Adabiya receives 100% of Malaysia’s imports

Published May 28, 2024

Tridge summary

The General Authority for the Suez Canal Economic Zone, led by Walid Gamal El-Din, is actively promoting Egypt as a hub for the palm oil industry, with a focus on processing and logistics. The country's ports, including Adabiya, play a crucial role in receiving and importing oil, with potential for increased palm oil processing to benefit local and international markets. Egypt's strategy includes being a source of processed oils and renewable energy, backed by favorable tax policies and easy export procedures. The second Malaysian Palm Oil Forum in Egypt 2024 in Cairo highlighted these advantages, aiming to boost Malaysian palm oil exports to North Africa.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone, said that the Authority has 4 industrial sectors in the Red Sea and the Mediterranean, in addition to many logistics bodies, international ports, and industrial zones. He continued during his speech at the Malaysian Palm Oil Forum that Adabiya Port, for example, receives a large percentage of oil, in addition to a lot of oils, pointing to the belief that Egypt can provide more opportunities to increase palm oil processing, which will help both the local and international markets. Under the framework of agreements concluded by Egypt with countries in the global market. This came during the activities of the second edition of the Malaysian Palm Oil Forum (MPOF) Egypt 2024, held today in Cairo and organized by the Malaysian Palm Oil Council (MPOC), in the presence of the Malaysian Minister of Agriculture and Commodities, Datuk Seri Johari Abdul Ghani, and Bilvinder Sron, CEO of the Palm Oil ...

Source: Almalnews