Indorama Egypt Fertilisers has signed a contract to establish a new phosphate fertiliser plant in the Suez Canal Economic Zone (SCZONE) with a first-phase investment of $525m, targeting 80% of its production for export. The project is expected to create 3,000 jobs, including 2,500 direct positions during the operation phase and 500 during construction. The production line will include phosphatic fertilisers and related products such as rock phosphate, ammonia, sulphur, potash (potassium chloride), and urea. It will also produce specialised chemicals, including zinc sulphate, boric acid/sodium borate, and sodium molybdate, to support agricultural and industrial supply chains. The contract was signed by Mostafa Sheikoun, SCZONE Vice Chairperson for Investment and Promotion, and Mukul Agrawal, Chief Executive of Indorama.

Source: Daily News Egypt April 08, 2026 19:10 UTC