New Valley governorate, in southwestern Egypt, is fully prepared for the establishment of its largest complex for the production of phosphorus fertilizers next April - Press photo
CAIRO – 10 February 2020: New Valley governorate, in southwestern Egypt, is fully prepared for the establishment of its largest complex for the production of phosphorus fertilizers next April, with a total investment of LE 15 billion ($956.1 million), the governor told Egypt Today.
The complex aims to achieve an annual production of 500,000 tons of phosphoric acid, New Valley Governor Mohamed Al-Zamlout said. The project will be established in cooperation between the Ministry of Petroleum and Mineral Resources.
The complex, which will be established in the 440-square-kilometer governorate is set to become the fourth worldwide to provide such production of phosphoric acid.
The project will provide job opportunities for people of the New Valley, the governor said, adding that graduates in the governorate have been trained to work in the new complex.
In December last year, Petroleum Minister Tarek el said that a phosphoric acid production complex in Abu Tartour, New Valley, aims at attracting more investments in the mining field upon directives of President Abdel Fattah El Sisi, Middle East News Agency reported.
The minister made the remarks during the signing of a contract between Misr Phosphate Company and a Chinese consortium to establish the complex in the presence of Zamlout and the Chinese ambassador in Cairo.
The $1-billion project is expected to produce a total of one million tons of phosphoric acid a year, the minister said.
He added that the project will be established on an area of 560,000 square meters and will have a storage capacity of 3 million square meters.
Parts of the reporting were taken from MENA