{"id":669912,"date":"2025-08-11T00:00:00","date_gmt":"2025-08-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/11\/egyptian-soda-ash-company-inks-usd-490-mn-financing-agreement-for-long-awaited-soda-ash-plant\/"},"modified":"2025-08-11T00:00:00","modified_gmt":"2025-08-11T00:00:00","slug":"egyptian-soda-ash-company-inks-usd-490-mn-financing-agreement-for-long-awaited-soda-ash-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/11\/egyptian-soda-ash-company-inks-usd-490-mn-financing-agreement-for-long-awaited-soda-ash-plant\/","title":{"rendered":"Egyptian Soda Ash Company inks USD 490 mn financing agreement for long-awaited soda ash plant"},"content":{"rendered":"

The state\u2019s plans to localize the soda ash industry are picking up momentum once again<\/strong>, with the primarily state-led Egyptian Soda Ash Company inking a USD 490 mn financing agreement with a syndicate of local and regional financing institutions, according to a statement<\/a> from the Oil Ministry. The revived project in New Alamein will produce 600k tons of soda ash a year, according to the statement, which did not provide an updated timeline for the project now it has secured funding.<\/p>\n

Who\u2019s involved? <\/strong>The financing package was provided by QNB Alahli, CIB, Arab African International Bank, NBK Egypt, Banque du Caire, Export Development Bank of Egypt, and NXT Bank. The National Bank of Egypt and Afreximbank acted as the project\u2019s financial advisors.<\/p>\n

The New Alamein complex has <\/strong>been in the works since at least 2023<\/a><\/strong>, with the start of three-year construction period construction initially pencilled in for 2024. The Egyptian Soda Ash Company has also been seeking funding since December 2023, when reports came out<\/a> that it was in talks for a USD 450 mn loan for the project.<\/p>\n

Soda ash is of the 23 priority industries that was <\/strong>earmarked for localization in December<\/a><\/strong>, as the first step of an initiative to localize 152 industries by 2030. To help localize the 23 industries, the government is offering incentives and facilities to attract and facilitate investments.<\/p>\n

No, not that soda. <\/strong> Soda ash \u2014 AKA sodium carbonate \u2014 is a common chemical compound used in the manufacturing of several products such as glass, cleaning detergents, pharma products, fertilizers, and paper.<\/p>\n","protected":false},"excerpt":{"rendered":"

The facility in New Alamein will produce 600k tons of soda ash a year<\/p>\n","protected":false},"author":1,"featured_media":669913,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7255],"tags":[11863,72,7196,131,705],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-669912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-egyptian-soda-ash-company","tag-enterpriseam","tag-industry","tag-manufacturing","tag-petrochemicals","wpautop","entry"],"acf":{"mongo_id":"e8fc0475-440b-4738-9b77-666918559c73","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/8\/593.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian Soda Ash Company inks USD 490 mn financing agreement for long-awaited soda ash plant","related_issue":[669902],"teaser":"The facility in New Alamein will produce 600k tons of soda ash a year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.d52324bf-5082-4ec7-a2e1-0f2149f75b94.mp3"},"yoast_head":"\nEgyptian Soda Ash Company inks USD 490 mn financing agreement for long-awaited soda ash plant - 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PLUS: OPay wants a digital banking license, tenders for infrastructure and industrial projects","author":"enterpriseam admin","date":"1 August 2023","format":false,"excerpt":"The lender wants to open 200 branches across the country","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578431,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/28\/tci-sanmar-to-invest-at-least-usd-160-mn-in-new-loading-terminal-in-egypt\/","url_meta":{"origin":669912,"position":2},"title":"TCI Sanmar to invest at least USD 160 mn in new loading terminal in Egypt","author":"enterpriseam admin","date":"28 December 2022","format":false,"excerpt":"Indian industrial chemical manufacturer TCI Sanmar plans to invest an initial USD 160 mn to set up a loading terminal near Port Said to import ethylene, a source close to the matter told Enterprise, confirming a report from Zawya. The terminal, which will be financed both through bank loans and\u2026","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\/2022\/12\/578.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":683335,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/26\/investments-in-sky-innovo-developments-flagship-new-cairo-project-double-to-egp-16-bn\/","url_meta":{"origin":669912,"position":3},"title":"Investments in Sky Innovo Developments\u2019 flagship New Cairo project double to EGP 16 bn","author":"enterpriseam admin","date":"26 January 2026","format":false,"excerpt":"Plus: Alexandria Container and Cargo Handling\u2019s net income fell 2% y-o-y to EGP 3.4 bn during the first half of FY 2025-26","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/990.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":626256,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/27\/chinas-befar-to-set-up-usd-250-mn-first-phase-of-integrated-chemicals-project\/","url_meta":{"origin":669912,"position":4},"title":"China\u2019s Befar to set up USD 250 mn first phase of integrated chemicals project","author":"enterpriseam admin","date":"27 June 2024","format":false,"excerpt":"The complex is expected to generate annual revenues of USD 230 mn","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\/2024\/6\/1749.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568372,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/28\/indias-tci-sanmar-to-invest-usd-200-mn-here-next-year\/","url_meta":{"origin":669912,"position":5},"title":"India\u2019s TCI Sanmar to invest USD 200 mn here next year","author":"enterpriseam admin","date":"28 December 2020","format":false,"excerpt":"Indian industrial chemical manufacturer TCI Sanmar Chemicals is planning to resume its USD 200 mn investment in its Egyptian operations next year, the company\u2019s Egypt CEO Sherif El Manoufi said, according to Al Mal. 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