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2018

Saudis, Chinese investors eye sugar industry

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05 Sep 2018 13:54 #365233 by chairman
INVESTORS from China and Saudi Arabia are among several others who have expressed interest in investing in the local sugar industry, which is being transformed through diversification and privatisation.

Over the years, the sugar industry has declined and in an effort to return it to viability, the government was forced to retrench workers as part of wider reform.

The National Industrial and Commercial Investments Limited (NICIL), through its Special Purpose Unit (SPU) took control of the Skeldon, Rose Hall, Enmore and Wales estates when government decided to close operations early this year.

Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.
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