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Sunday 20 June 2021
HomeNewsTunisia: Saudi ‘’Savola’’ will partner with all sugar companies.

Tunisia: Saudi ‘’Savola’’ will partner with all sugar companies.

We have learnt from ministerial sources in Tunis that an agreement in principle was reached between the Government of Tunisia and Saudi group Savola

Under this agreement, Savola would partner with three Tunisian public and private companies working in the sugar sector.

Our source said Savola would be willing to invest some 500 million USD to enter the capital of three companies, namely “Tunisie Sucre” (Tunisia Sugar) which was seized from Belhassen Trabelsi and of which the Tunisian government had sold only 50%, the Tunisian Sugar Company of Beja and finally the Mohamed Kooli Company which produces sugar beet.

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