Abu Qir Fertilizers & Chemicals Industries is planning to invest EGP 3 bn this fiscal year in several projects, including setting up an acid and nitrates production facility, he company’s chairman and managing director, Saad Ibrahim Abo El-Maati, told Al Mal. The facility will be funded through a loan the company recently received from a consortium of local and international banks. Abu Qir had invested EGP 2 bn last FY.

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