Egyptian/GCC Fertilizer Project Planned For Alexandria
The Investment and Free Zones Authority announced on 12 October that it had given its authorization for the establishment of a fertilizer project, Alexandria Fertilizer Company (Abu Qir), in the Alexandria Free Zone. The $330mn venture will bring together investment from Egypt, the UAE, Kuwait and Bahrain. The initial capital of Abu Qir will be $165mn, with the UAE partner investing around $33mn (20%), the...
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