USD 740 mn worth of fertilizer projects coming our way

#1- Singapore-based Indorama will set up a USD 525 mn phosphate fertilizer plant in the Sokhna Industrial Zone, according to a statement. The project, which will see additional investments across future phases, will have an annual production capacity of 600k tons during its first phase. It will provide some 3k jobs during construction and operations and will allot 80% of its production for international markets.

ICYMI: The company aims to raise its investments in the country to USD 1 bn, Chemical and Fertilizers Export Council Chairman Khaled Abu Al Makarem told EnterpriseAM earlier this year.

#2- Local chemicals player Polyserve is building a USD 215 mn chemicals and fertilizer project in the Sokhna Industrial Zone, according to a statement. The facility will have an annual production capacity of 3.5 mn tons and provide 500 direct jobs.

Triumph Junheng to invest USD 250 mn in localized medical glass

China’s Triumph Junheng is looking to invest USD 250 mn to localize pharma borosilicate glass production in Egypt with the establishment of an integrated industrial project, according to a statement from the Egyptian Drug Authority. The project will be developed with support from the China-Africa Development Fund, with 60% of production destined for the local market and 40% earmarked for export.

Why this matters: While Egypt has made progress in localizing the production of many drugs, it remains reliant on vials, ampoules, and other packaging that uses borosilicate glass. For Egypt to establish itself as a strategic hub for pharma production in the Middle East and Africa and to get as much value added out of this as possible, it needs to localize the entire value chain — all the way from the active ingredients to the final packaging.

EDECS joins Medlog’s Tenth of Ramadan dry port buildout

MSC’s subsidiary Medlog and local construction firm EDECS signed an EPC contract for a new dry port construction package in Tenth of Ramadan City, according to a statement from EDECS. The 189k sqm project will be built under a design-and-build contract covering earthworks, paving, road marking, installation of essential utilities, and other critical infrastructure.

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