The Egyptian Chemical Industries Company’s (KIMA) fertilizer production facility in Aswan (KIMA 2 project) is set to officially launch in January, according to unnamed KIMA sources. Trial runs are scheduled to start immediately after the facility’s inauguration, whose construction is currently 88% complete, sources said. Italian engineering and construction firm Tecnimont was granted a five-month extension and an extra EGP 4.3 bn to complete the facility’s development. The Italian company was originally scheduled to complete the facility by November of this year.
More from Enterprise
Inflation unexpectedly cools, putting rate-cut cycle back in play
The first fall in the headline rate in three months…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
New tax bill heads to House ahead of July rollout
The new package scraps the contentious capital gains tax, overhauls…
Apis Partners has continued appetite for Egypt after closing its third fund at more than double its predecessor
Apis partner Hossam Abou Moussa singles out MNT-Halan as a…