World’s largest producer of specialty phosphorus chemicals signals Egypt mining pivot with USD 2 bn Golden Triangle hub
China’s Xingfa plans to invest USD 2 bn in an integrated industrial complex in the Golden Triangle Economic Zone, according to a statement from the Oil Ministry. The project, which would be Xingfa’s largest outside China, will span three phases covering the exploration and extraction of phosphate and the production of high-value downstream chemicals.
Why this matters: While Egypt holds one of the world’s largest phosphate reserves, it has historically functioned as a low-margin exporter of raw ore. Xingfa’s entry suggests a shift toward industrial localization. Xingfa specializes in chemicals used in electronics, food additives, and pharma — products with significantly higher margins than the raw rock Egypt currently ships.
Polaris Parks doubles down on Egypt with 6 mn sqm industrial land bid
Industrial developer Polaris Parks is in negotiations to acquire 6 mn sqm of land in East Cairo and the New Capital, General Manager Bassel Shoirah tells EnterpriseAM. The developer is doubling down on Egypt’s industrial potential despite current headwinds, aiming to attract USD 3 bn in local and foreign investment over the next five years to its new zones in New October and Sadat City, he added
The expansion plan is split across two major geographical clusters, with the Polaris seeking 2-4 mn sqm in the Tenth of Ramadan, Badr City, or Obour City. The firm is currently awaiting a response from the Industrial Development Authority regarding land allocation.
The developer also expects to ink a final contract with the Administrative Capital for Urban Development shortly for 2 mn sqm, following a previously signed MoU for the EGP 6 bn project.
The Agriculture Ministry is moving to unlock new Asian markets as local poultry producers call for an export lifeline
Egypt is positioning itself as a halal poultry hub for the Philippines as local producers hunt for an exit from a domestic supply glut, according to an Agriculture Ministry statement. A Filipino representative that met with Agriculture Minister Alaa Farouk expressed his interest in frozen halal poultry exports to serve the Philippines’ 8 mn-strong Muslim population.
The move comes as the domestic industry faces a critical supply glut, with local prices falling below production costs with a 20% production surplus. In response, the Egyptian Poultry Association is requesting the ministry open export markets in seven African nations, including Ghana, Kenya, and Ivory Coast, to help producers break even, EnterpriseAM reported last week.
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