Naeem Holding said, Arab Sweeteners Co. 95%-owned subsidiary, will construct a corn mill at an estimated total investment cost of $155 million.

The corn mill is expected to grind 1500 tons of maize to produce 1000 tons of fructose and other products, said a bourse statement.
 
The project is expected to be accomplished within 30 months on a 137,000 sq. meter land plot in 10th of Ramadan City , noted the statement

Turkey's Sigma PT will handle the design, supply, installation, and initial operation of the facility, stated the statement.