President Abdel-Fatah El-Sisi inaugurated on Wednesday the new Phosphatic and Compound Fertilizers Complex in Ain Sokhna in the governorate of Suez, which would be the largest industrial establishment for producing fertilizers in North Africa.
The new complex, which was constructed in 36 months over an area of 400 feddans, includes nine factories, an administrative and a residential city, and an ores storage complex.
"The establishment of the complex aims to maximize the value of Egyptian phosphate ore by converting it into phosphate fertilizers," Chairman of El-Nasr Company for Chemicals Major General Mokhtar Abdel-Latif said during the opening.
Abdel-Latif said the new complex annually processes 500,000 tonnes of raw sulphur as well as two million tonnes of raw phosphate to produce fertilizers.
"The complex achieves self-sufficiency for Egypt in these fertilizers and also enables the government to export the surplus," Chairman of Al-Nasr Company for Chemicals said.
Prime Minister Mostafa Madbouly, House of Representatives Speaker Ali Abdel-Aal, Defence Minister Mohamed Zaki, a number of ministers and senior state officials attended the ceremony.
More to follow