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Tuesday, 6 March 2018

Cabinet studying offers from four global firms for USD 750 mn Abu Tartour fertilizers plant

INVESTMENT WATCH- The Ismail Cabinet is studying offers from four global firms to develop the Abu Tartour USD 750 mn phosphoric acid and fertilizers plant, according to a statement. The government has received offers from companies in Spain, Germany, China, and South Korea. The plant, which will be developed in partnership with the state-owned Misr Phosphate’s El Wadi Phosphate Company, will aim to produce an annual 1 mn tonnes of phosphate-based fertilizers that will be split between local consumption and export, according to the statement.

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