Saturday, Dec 12, 2009
BEIRUT (Zawya Dow Jones)--Saudi investor Mohammed Al Amoudi plans to set up a beetroot sugar factory in Ethiopia, Abha-based Al Watan daily reports Saturday, citing Amoudi's business manager Haile Askadi.
Abera Deressa, Ethiopia's Minister of State for Agriculture & Rural Development said his ministry will study Amoudi's application for a plot of land with an area of 250,000 hectares.
This will be the first project in Ethiopia for sugar extraction from crops other than sugar cane, he added.
Newspaper Web site: www.alwatan.com.sa
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2009 Dow Jones & Co.
(END) Dow Jones Newswires
12-12-09 0812GMT
