Nibulon to run investment project worth $2 billion in Egypt

Monday 09 July 2018 06:11 PM

agricultural projects
agricultural projects



Agencies:
Nibulon, a Mykolaiv-based corporation, one of Ukraine’s largest grain traders, seeks to implement a long-term investment program in Egypt worth $2 billion, Nibulon has informed on its official website, Interfax-Ukraine reports.
“It is a long-term investment program that should take around 7-10 years and is worth a total of $2 billion,” the CEO of Nibulon Oleksiy Vadatursky said.
The first stage of the project is expected to require an investment of $200 million over the period of 2018-2019. The program supposes an establishment of a Nibulon enterprise in Egypt that would operate according to the Egyptian regulations.
Nonetheless, the corporation is going to continue investing domestically and raise the investment volumes even further.

“This year, two transshipment terminals will be built in the Zaporizhzhya and Dnipropetrovsk regions. Also, the capacity of the company’s transshipment terminal in Kremenchuk (Poltava region) is rising, whilt the investment in the shipbuilding industry (construction of a freight fleet) is currently underway, and Nibulon shipyard in Mykolaiv is being renovated,” the company’s report reads.



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