UAE private group invests in Sudan sugar industry
September 11, 2008 (KHARTOUM) — An Arab investment private group based in Abu Dhabi, has signed an agreement with Sudanese authorities to build a $300 million sugar refinery in central Sudan state of Sinnar.
Mohamed bin Omer, the President of Bin Omeir Holding Group and the Governor of Sinnar State, Ahmed Abbas, signed a memorandum of understanding on Tuesday 9 September in presence of Sudanese minister of Industry Salah Al-Dogaire.
The Al-Ramash plant would produce 100,000 tonnes of sugar and 20 million litres of ethanol a year in the White Nile province of Sudan. The parties agreed to expand the production of the plant in the future.
The Sudanese Kennana Sugar Company for Engineering and Services prepared the feasibility study while The Indian Sugar and General Export and Import Corporation (ISGIC) is designated to supply the equipment for the project.
Bin Omeir Holding, a large family-owned business group based in Abu Dhabi, has investments in automobile dealerships, tourism, export and import, financial sector and other businesses.
(ST)