Italian engineering and construction firm Tecnimont has asked for a five-month extension and an extra USD 76 mn to complete the Egyptian Chemical Industries Company’s (KIMA) fertilizer production facility in Aswan, unnamed KIMA sources said, according to Al Mal. KIMA has referred Tecnimont’s request to its legal advisor, Zaki Hashem & Partners, to decide on its legal validity, according to the sources. If approved, the facility would cost a total EGP 1.34 bn. The Italian company was originally scheduled to complete the facility by November of this year.

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