Asia-Potash Plans to Establish a Phosphate Fertilizer Industrial Complex in Egypt with $1.6 Billion in Investments

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09-01-2025
Asia-Potash Plans to Establish a Phosphate Fertilizer Industrial Complex in Egypt with $1.6 Billion in Investments

Mr. Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), met with Mr. Zheng Youye, Deputy General Manager of Asia-Potash, to discuss the establishment of an industrial complex for phosphate fertilizer production in Egypt. The meeting was attended by Mr. Ashraf Attia, the company's consultant in Egypt, and Mr. Yasser Abbas, GAFI Deputy CEO.

 

The company plans to invest $1.6 billion in the first phase, which will involve the exploration and extraction of two million tonnes of phosphate annually, converting it into phosphate fertilizers, and exporting 100% of the production to neighboring markets. The total investment for all project phases is estimated to range between $7 billion and $10 billion, with a final production capacity of 10 million tonnes of phosphate.

 

The industrial complex and phosphate extraction operations are planned to span the area from west of Essna city in Luxor Governorate in the north to Sebaiya in Aswan Governorate in the south. The first phase is expected to be completed within a year and a half from the start of construction, with exports conducted through Safaga Port.

 

Mr. Hossam Heiba highlighted the company's eligibility for numerous investment incentives, as its investment strategy aligns with Egypt's sustainable development plans. The project will introduce advanced technologies in extraction and manufacturing, create 3000 direct jobs during the first phase, and direct all production to exports, boosting Egypt's foreign currency reserves. Additionally, the company prioritizes corporate social responsibility, having previously invested heavily in local communities near its global projects, particularly in education, infrastructure, and agricultural production.

 

Mr. Zheng Youye, Deputy General Manager of Asia-Potash, emphasized the growing interest of Chinese companies in establishing investment partnerships with Egypt and committing to high-value-added investments in Egypt's attractive market. He also noted that the company plans to collaborate with Egypt's upcoming green ammonia production projects to secure energy supplies for its industrial complex, aligning with its strategy to produce environment-friendly fertilizers.


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