{"id":590446,"date":"2023-07-19T00:00:00","date_gmt":"2023-07-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/19\/investors-pitch-for-three-fertilizer-complexes-worth-usd-1-6-bn\/"},"modified":"2023-07-19T00:00:00","modified_gmt":"2023-07-19T00:00:00","slug":"investors-pitch-for-three-fertilizer-complexes-worth-usd-1-6-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/19\/investors-pitch-for-three-fertilizer-complexes-worth-usd-1-6-bn\/","title":{"rendered":"Investors pitch for three fertilizer complexes worth USD 1.6 bn"},"content":{"rendered":"

More investment into the local fertilizer sector could be on the way:<\/strong>The General Authority for the Economic Zone of the Golden Triangle has received three offers from local and international investors to establish fertilizer complexes in the so-called Golden Triangle in Red Sea governorate, authority Chairman Adel Saeed told Asharq Business<\/a> on the sidelines of the Egypt Mining Forum. The three facilities would require a combined USD 1.6 bn of investment, he said. <\/p>\n

The Golden Triangle:<\/strong> The Golden Triangle refers to an area of land stretching from the Red Sea port towns of Safaga and Quseir to Qena on the Nile. The area is known for being rich in phosphates, minerals that can be used to manufacture fertilizer. <\/p>\n

#1- <\/strong>A consortium of Australian companies including consultancy firm Lionsbridge<\/a> and electrical contractor Westech<\/a> wants to invest USD 875 mn to set up a phosphoric acid production plant. Asharq first reported<\/a> on this proposed project in May, citing an anonymous government official. <\/p>\n

#2- <\/strong>The EGX-listed Egyptian Financial and Industrial Company has requested to build a USD 600 mn fertilizer factory on a 100-feddan land plot. The government is in the process of forming committees to appraise the land and allocate it for industrial activity . <\/p>\n

#3-<\/strong> Egyptian businessman Mahmoud Moharram wants to establish a phosphate fertilizer and phosphoric acid factory with initial investments of around USD 150 mn. <\/p>\n

Egypt is a major fertilizer exporter: <\/strong>Fertilizer is one of Egypt\u2019s largest exports and last year brought in more tha n USD 2.3 bn , making it the ninth largest export of fertilizer in the world, according to UN data . Most of the production of the proposed factories will be directed to export, a plan that\u2019s especially viable considering the proximity of the factories to Red Sea ports at Safaga and Ain Sokhna. <\/p>\n","protected":false},"excerpt":{"rendered":"

More investment into the local fertilizer sector could be on the way:The General Authority for the Economic Zone of the Golden Triangle has received three offers from local and international investors to establish fertilizer complexes in the so-called Golden Triangle in Red Sea governorate, authority Chairman Adel Saeed told Asharq Business on the sidelines of […]<\/p>\n","protected":false},"author":1,"featured_media":590447,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8661],"tags":[72,99,7196,131,705],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-590446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","tag-enterpriseam","tag-fertilizers","tag-industry","tag-manufacturing","tag-petrochemicals","wpautop","entry"],"acf":{"mongo_id":"eb908682-39b5-469a-81b9-4174432a90fb","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/7\/764.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Investors pitch for three three fertilizer complexes worth USD 1.6 bn","related_issue":[590437],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.4a977d0b-f6bf-41be-ac44-b6b72504faba.mp3"},"yoast_head":"\nInvestors pitch for three fertilizer complexes worth USD 1.6 bn - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/19\/investors-pitch-for-three-fertilizer-complexes-worth-usd-1-6-bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investors pitch for three fertilizer complexes worth USD 1.6 bn\" \/>\n<meta property=\"og:description\" content=\"More investment into the local fertilizer sector could be on the way:The General Authority for the Economic Zone of the Golden Triangle has 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IDG are all in talks to establish the zone","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/951.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":605449,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/31\/afreximbank-to-lend-usd-400-mn-for-new-state-owned-fertilizer-plant\/","url_meta":{"origin":590446,"position":1},"title":"Afreximbank to lend USD 400 mn for new state-owned fertilizer plant","author":"enterpriseam admin","date":"31 August 2023","format":false,"excerpt":"The plant will cost some USD 1.2 bn to build","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT 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New 220 KV power lines will be installed at the end of the year\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590496,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/19\/this-evening-efg-closes-phds-securitized-bond-issuance\/","url_meta":{"origin":590446,"position":3},"title":"THIS EVENING: EFG closes PHD\u2019s securitized bond issuance","author":"enterpriseam admin","date":"19 July 2023","format":false,"excerpt":"Good afternoon dear readers, and happy new Islamic New Year (and the long weekend it has brought forth). We need not remind you all that Egypt is off starting tomorrow through to next Sunday for the Islamic New Year and Revolution. Sports to the rescue: For those not planning any\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/2134.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595884,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/08\/el-sisi-inaugurates-large-fertilizer-complex-in-sokhna\/","url_meta":{"origin":590446,"position":4},"title":"El Sisi inaugurates large fertilizer complex in Sokhna","author":"enterpriseam admin","date":"8 August 2019","format":false,"excerpt":"President Abdel Fattah El Sisi inaugurated a new phosphate and compound fertilizer manufacturing complex at the Ain Sokhna Industrial Zone yesterday, according to a local press report. The complex is said to be the largest in the Middle East and houses nine phosphate-based fertilizer factories. It contains a water desalination\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590527,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/20\/egypt-more-than-doubles-fdi-us-fed-rates-meeting-next-week\/","url_meta":{"origin":590446,"position":5},"title":"Egypt more than doubles FDI + US Fed rates meeting next week","author":"enterpriseam admin","date":"20 July 2023","format":false,"excerpt":"Good morning dearest reader and happy THURSDAY. We are happy to be joining you on this long weekend \u2014 which is set to be our last one for the summer, until late September when we down tools for Prophet Muhammad\u2019s birthday. \u2600\ufe0f THE WEATHER THIS WEEKEND - Stay in Sahel,\u2026","rel":"","context":"In "THE WEEK IN REVIEW"","block_context":{"text":"THE WEEK IN REVIEW","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-week-in-review\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/2710.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/590446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=590446"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/590446\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/590437"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/590447"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=590446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=590446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=590446"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=590446"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=590446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}