President Abdel Fattah Al-Sisi approved the establishment of a phosphate and fertiliser factory cluster, supervised by El-Nasr Company for Intermediate Chemicals, according to presidential spokesperson Alaa Yousef.
Yousef said the cluster will include nine major factories with a production capacity of 1m tonnes per year of phosphate and compound fertilisers, Di-Ammonium Phosphate (DAP) and pure and commercial phosphoric acid.
On Sunday, President Al-Sisi met with the chief financial officer of the armed forces, the Chairman of the National Service Projects Organisation, the Chairman of El-Nasr Company for Intermediate Chemicals, and company representatives to build the largest cluster of phosphate and fertilisers in Ain Sokhna.
Yousef added that all aspects pertaining to the contract were discussed. The project will be implemented by three companies specialised in building the largest phosphate fertiliser factories in the world using Italian, Spanish and Chinese technology.
Yousef said the cluster will meet the domestic market needs and the surplus will be exported abroad.
“The president stressed the importance of moving forward in the implementation of the project at the lowest possible cost in the shortest possible time and with the highest standards of quality,” said Yousef.
“The project will contribute to meeting the fertiliser needs of farmers with an appropriate cost and increase Egyptian exports, as well as to achieve the desired increase in agricultural production, and to make social and economic benefit by creating employment.”