Egypt: Juhayna signs $38mln loan with CIB to finance citrus production line
The loan will finance the purchase of a new citrus production line, in line with Juhayna's plans to expand its concentrate business.
The facility carries a tenor of six years.
The company said the investment supports its strategy to enhance operational capacity and productivity, increase exports, and move toward foreign currency self-sufficiency.
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The Sharjah Collection, operated and developed by Shurooq, stands as a cornerstone of the Authority's Dh850 million+ hospitality portfolio and reflects the emirate's broader vision for sustainable development. The collection embodies the principles of slow travel and wellness, while showcasing Sharjah's natural beauty and timeless heritage. The impact of these projects extends beyond financial returns; they provide employment opportunities, strengthen the local community's connection to its surroundings, and contribute to environmental protection through sustainable architecture and low-carbon operational processes. As global preferences continue to favour immersive, responsible, and restorative experiences, Shurooq's visionary investment in these distinctive retreats firmly establishes Sharjah as a leader in the future of luxury tourism.
