Indorama to invest $525 mn in Egypt fertiliser complex project

The project, referred to as ‘Indorama Egypt Fertilizers’, will be developed within the Suez Canal Economic Zone in the Ain Sokhna Industrial Area. The signing ceremony was witnessed by H.E. Dr. Mostafa Madbouly, Prime Minister of Egypt, in the presence of H.E. Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, and Mr. Walid Gamal El-Din, Chairman of the Suez Canal Economic Zone. The contract was signed by Mr. Mustafa Sheikhoun, Vice Chairman of the General Authority for the Suez Canal Economic Zone for Investment and Promotion Affairs, and Mr. Mukul Agrawal, Country Head Egypt, Indorama Corporation.

The facility will be constructed on a 522,000 square meter site and is expected to create up to 2,500 roles during operations, in addition to approximately 500 job opportunities during the construction phase.

The first phase of the project will have a production capacity of up to 600,000 tons per year, focusing on phosphate fertilizers and a range of related inputs and chemical products. Approximately 80 per cent of the output is expected to be exported, supporting Egypt’s position as a regional hub for industrial manufacturing and global trade.

H.E. Dr. Mostafa Madbouly stated that the project represents a qualitative addition to Egypt’s strategic industries, particularly in fertilizers and mineral resource-based sectors, and reflects the government’s focus on maximizing the value of natural resources and creating sustainable employment opportunities in line with the goals of comprehensive economic development.

Mr. Walid Gamal El-Din explained that the project reflects the success of the General Authority for the Suez Canal Economic Zone in attracting specialized industrial investments with high capital and technological intensity.

For Indorama Corporation, the investment aligns with its global growth strategy in downstream chemicals and fertilizers, while strengthening its presence in high-potential emerging markets.

Note: The headline, insights, and image of this press release may have been refined by the ALCHEMPro staff; the rest of the content remains unchanged.

ALCHEMPro News Desk (JP)