UAE firm to invest 2 billion USD to develop sugar factory in Indonesia
Dubai-based Al Khaleej Sugar Co. (AKS) plans to invest 2 billion USD to develop a sugar factory and supporting facilities in Indonesia, which could help fill the country’s supply gap.
Sacks of imported sugar are unloaded at Sunda Kelapa Port in North Jakarta, in this undated file photo.(Photo: JP)
Jakarta (VNA) - Dubai-based Al KhaleejSugar Co. (AKS) plans to invest 2 billion USD to develop a sugar factory andsupporting facilities in Indonesia, which could help fill the country’s supplygap.
Indonesian Industry Minister Agus Gumiwang Kartasasmita said on November7 that AKS managing director Jamal Al-Ghurair had committed to the investmenton November 2 during their meeting in Dubai.
“AKS will invest in an integrated sugar factory inIndonesia. Apart from producing sugar, AKS also plans to produce bioethanol andelectricity from biomass," Agus was quoted by Antara as saying.
“AKS will develop ethanol fabrication from sugar. Theethanol is also expected to be an alternative fuel source," he said.
AKS has a sugar factory in Dubai with a capacity of6,000 tonnes of sugar per day. Apart from owning a sugar factory in Dubai, AKSalso invests in Egypt and Spain./.
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Sacks of imported sugar are unloaded at Sunda Kelapa Port in North Jakarta, in this undated file photo.(Photo: JP) 
