Middle East Economic Survey

VOL. LII

No 51-52

21/28-Dec-2009

EGYPT

Damietta Urea Facility Secures Local Financing For Expansion

Egyptian Nitrogen Products Company (ENPC), a wholly owned subsidiary of Misr Fertilizer Production Company (MOPCO), has secured local financing of $1.05bn for the expansion of a fertilizer plant in the Damietta region. Agrium spokesman Steve Kovacs told MEES that 19 regional and local banks are participating in the financing, said to be the largest single financing ever...