Ain Sokhna:Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, held discussions with Fertiglobe CEO Ahmed El Hoshy about developing a $1.5 billion integrated phosphate fertilizer complex in Ain Sokhna. The project aims to bolster Egypt's economic use of mineral resources through local manufacturing and industrial projects.

According to State Information Service Egypt, the proposed facility will have an annual production capacity of 1.3 million tons of diammonium phosphate fertilizer, with operations expected to commence in 2031.

The initiative is part of Egypt's strategy to enhance the value of its natural resources and attract investments in high-value industries. Minister Badawi emphasized the importance of completing technical and economic assessments and collaborating with relevant authorities to secure long-term phosphate rock supplies.

Fertiglobe, a part of the UAE-based ADNOC Group, is conducting a feasibility study to integrate phosphoric acid production and optimize the use of local resources. The meeting also explored the possibility of localizing AdBlue production in Egypt, utilizing domestic urea to improve air quality by reducing vehicle emissions.