Uzbekistan's Ambassador Mansurbek Kilichev held a meeting with Emad Farid, the executive director of Nile Sugar, Egypt's largest sugar producer, in Cairo to discuss potential investment projects in the Central Asian country, specifically the cultivation of sugar beets and the full production cycle of sugar in the Jizzakh region.
Reportedly, Egypt is familiar with Uzbekistan's agricultural sector and recognizes the country's fertile land, adequate water supply, and unified state system that brings together private farmers. These factors have piqued the interest of Nile Sugar in producing sugar in Uzbekistan.
Emad Farid expressed willingness to invest $500mn into a large project that involves cultivating sugar beets and producing sugar on 52,000 hectares of land in the Jizzakh region.
Nile Sugar was established in 2006 by the Sawiris family. The company specializes in sugar beet and sugar production and has a sugar factory located 50 kilometers from the port of Alexandria. The sugar factory started running in 2010 and can process up to 11,000 tons of beets daily.
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