Egypt May Get $500 Million Sugar Factory Using Beets, Mena Says

Egypt may get a $500 million factory to produce white sugar from beets in the country, the state-run Middle East News Agency reported, citing Industry Minister Hatem Saleh.

The factory would have a production capacity of 400,000 metric tons, according to the Cairo-based agency, also known as Mena. The company planning the factory was only identified in the report as being from the United Arab Emirates.

To contact the reporter on this story: Ola Galal in Cairo at ogalal@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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