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A Malaysian firm is at present in talks with Egypt to determine a two-stage palm oil manufacturing undertaking with investments totalling $30 million, the Center East Information Company (MENA) cited the Egyptian Business Service’s (ECS) Head, Yahya Elwathik Bellah.
Beneath the primary stage, a storage facility for Malaysian palm oil packaging will likely be established with investments of $10 million. This facility will likely be an export hub to African and neighbouring international locations.
The official added that the second stage contains the development of a Malaysian oil refinery plant with investments price $20 million within the Suez Canal Financial Zone (SCZONE).
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