Egypt to develop three phosphate plants at $1.1 bln

Egypt plans to develop three phosphate plants in Cairo’s Western Desert, at a total investment value of $1.1 billion, MEED reported, citing a statement from the ministry of trade and industry.

This comes as part of Egypt’s investment program to develop its minerals and mining sector. The trade ministry has also submitted to the cabinet a 30-year masterplan called the Golden Triangle Project, in which it plans to take advantage of the country’s under-tapped mineral resources and develop the Upper Egypt area.  

The project requires approximately $2.3 billion-worth of infrastructure works.

The Golden Triangle scheme is slated to include several interrelated projects including fertilizer factories, phosphate ore processing facilities and facilities to process shale and limestone as a precursor to cement.

Last November, MEED reported that a local consortium comprising Petrojet and Hassan Allam Construction started developing Ain al-Sokhna-based Abu Tartour phosphate fertilisers complex, which will include nine large plants.