In March, Egypt’s largest company, Nile Sugar, will launch a project in the Jizzakh region to grow sugar beets, process them, and produce sugar products. This was announced by Laziz Kudratov, Minister of Investment, Industry, and Trade of Uzbekistan, in an interview with the Uzbekistan 24 TV channel.
According to him, the project envisages the production of up to 200,000 tons of sugar per year. The total investment is estimated at $450 million and will be implemented in the form of foreign direct investment.
Minister of Agriculture Ibrohim Abdurakhmonov specified that the President had instructed to speed up the implementation of the project.
“Instructions have been given to take the project under separate control and start its implementation as soon as possible. All the necessary documents have been drawn up, land plots have been allocated, and investments are ready,” he said.
In 2024, the Ministry of Agriculture reported that 50,000 hectares of land had been selected in the Ghalaral and Farish districts of the region for growing sugar beets and 170 hectares for the construction of a sugar factory.
On January 23 this year, Laziz Kudratov met with Nile Sugar CEO Emad Farid. Following the negotiations, the parties signed a final protocol confirming their readiness to continue coordinated work on the preparation and implementation of joint projects. The document provides for the clarification of project parameters, financing conditions, and the agreement of further steps to expand practical cooperation.
It is expected that the implementation of the agreements reached will allow moving to the practical stage of cooperation with Nile Sugar, ensure the phased launch of joint projects, and attract modern agro-industrial and processing technologies with further localization of production in Uzbekistan.
