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
Connecting Industry Leaders: Highlights from BLACK SEA OIL TRADE-2025
Kyrgyz Authorities Push for Expanded Winter Wheat Cultivation
India’s vegetable oil imports will rise to record levels
Harvest delays in Kazakhstan lead to deteriorating wheat quality
Global prices for palm and soy oil to rise in early 2026, sunflower oil to drop – ...
Write to us
Our manager will contact you soon