Egypt, Malaysia in talks for $30mln palm oil production project
A Malaysian company is currently in talks with Egypt to establish a two-stage palm oil production project with investments totalling $30 million, the Middle East News Agency (MENA) cited the Egyptian Commercial Service’s (ECS) Head, Yahya Elwathik Bellah.
Under the first stage, a storage facility for Malaysian palm oil packaging will be established with investments of $10 million. This facility will be an export hub to African and neighbouring countries.
The official added that the second stage includes the construction of a Malaysian oil refinery plant with investments worth $20 million in the Suez Canal Economic Zone (SCZONE).
Read also
Rising resource costs are holding back rice production in the Philippines
Turkish Ports Added to UkrAgroConsult LineUp Reports
Black Sea vegoil market: Russia’s duty shock opens a window, but raw oilseed suppl...
India slashes vegetable oil imports as war dampens demand
China will not buy Kazakh feed flour made from Russian grain
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon