China’s Asia Potash is planning a mega phosphate fertilizer complex in Egypt, with production slated for exports to neighboring countries, company representatives said during a meeting last week with General Authority for Investment and Freezones boss Hossam Heiba. The complex will be set up in Upper Egypt and could have a final investment ticket of USD 7-10 bn.

Just the first phase of the complex will cost USD 1.6 bn, and will involve the extraction of 2 mn tons of phosphate annually for fertilizers production, with 100% of the production slated for export to neighboring markets.

The project will stretch across large parts of Upper Egypt, with production facilities and the company’s extraction operations stretching from Luxor’s Esna to Aswan’s Sibaiyya.

More details: The complex is also set to have a total annual production capacity of 10 mn tons of phosphate per year once all phases of the projects are fully operational. The first phase is expected to go live within 18 months from the start of construction.

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