The fertilizer industry in Egypt is supported by the cheap natural gas and phosphate rock.
Orascom Construction Industries, one of the bigger players in the fertilizer market, has signed a deal with the Egyptian Financial and Industrial Corporation to make up to 78,000 tons of ammonia annually. The company currently operates plants capable of producing a total of 2mn tons of nitrogen-based fertilizers annually. The group also has an investment in a facility in Nigeria.
The Egyptian government has approved a strategy allowing ten new phosphate fertilizer plants in the country, worth some USD 1.8bn.
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