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Nibulon to procure investment project worth $2 billion in Egypt

Nibulon to procure investment project worth $2 billion in Egypt

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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.

Founded in 1991, Nibulon is one of Ukraine’s largest operators in the grain market. Nibulon has elevators with a total capacity of around 2 million tons, as well as its own transshipment terminal with a capacity of 5 million tons in Mykolaiv (Southern Ukraine).
Nibulon currently cultivates some 83,000 hectares of farmland in Ukraine. Its exports go to over 60 countries around the globe. The company’s annual exports reach 4.5 million tons of grain.
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