20/10/2026 03:41 AST
Abu Dhabi-based fertilizer producer Fertiglobe is working along with Egypt's Ministry of Petroleum and Mineral Resources to set up an integrated phosphate complex in Ain Sokhna region.
The complex is targeting a production capacity of 1.3 million tonnes of diammonium phosphate (DAP) fertilizer annually, with commercial production to begin in 2031.
Egyptian Minister of Petroleum and Mineral Resources Karim Badawi reviewed the preliminary proposal with Fertiglobe CEO Ahmed El Hoshy and an accompanying delegation, reported Wam.
The minister also called for the completion of technical and economic studies covering the proposed technology, energy needs, and infrastructure required to establish the facility.
The two sides discussed accelerating the exchange of technical, geological and commercial information and completing the preparations needed to examine phosphate ore supply agreements. This work would help determine the project's economic viability and implementation requirements.
To advance that work, Badawi directed co-ordination between Fertiglobe, the Mineral Resources and Mining Industries Authority (MRMIA), and other participants in Egypt's mining sector to identify phosphate deposits that could supply the complex and assess the feasibility of long-term sourcing arrangements, stated the Wam report.
Badawi said the proposal supports Egypt's efforts to generate greater economic value from its mineral resources by expanding domestic manufacturing.
Linking mining with industrial production would allow raw materials to be processed into higher-value products, supporting output, exports, and investment in industries that add value to local resources, stated the minister.
Beyond fertilizers, the meeting also examined a proposal to produce AdBlue locally using domestically available urea. The aqueous urea solution is used in vehicles equipped with selective catalytic reduction (SCR) systems to reduce nitrogen oxide emissions and improve air quality.
The proposal also considers opportunities to expand the solution's applications. Badawi requested a detailed technical and economic assessment, including production requirements and target uses, to establish its feasibility and determine the next steps, said the report.
Trade Arabia
14/09/2026
Abu Dhabi-based Fertiglobe has announced that it has signed an agreement with leading German groups - Covestro, one of the world's top manufacturers of polymer materials, and MB Energy, a leading sup
Trade Arabia
30/04/2026
Fertiglobe, the world's largest seaborne exporter of urea and net ammonia combined and the largest nitrogen fertilizer producer in the MENA region, reported strong revenues of $915 million for Q1 202
Trade Arabia
12/02/2026
Fertiglobe reported strong financial results for the fourth quarter and full year ended December 31, 2025, with revenue and profit rising sharply year-on-year.
In the fourth quarter of 2025,
Gulfnews
| Ticker | Price | Volume |
|---|
20/10/2026
ALEC Engineering and Contracting, part of Dubai-based ALEC Holdings has signed an agreement with the Environment Agency - Abu Dhabi (EAD) to support a first-of-its-kind mangrove hydrological restorat
Trade Arabia
20/10/2026
stc Bahrain, a digital enabler in the kingdom, has partnered with the National Bank of Bahrain (NBB) Group to support the enhancement of its data centre infrastructure as part of the second phase of
Trade Arabia
20/10/2026
Bank of Bahrain and Kuwait (BBK) and Sustainability Forum Middle East (SFME) will host a high-level Sustainable Finance Roundtable on November 3, 2026, at the Sheraton Bahrain Hotel, bringing togethe
Trade Arabia
20/10/2026
Emirates NBD will become the first bank in the MENA region to run OpenAI's GPT models on in-country infrastructure in the UAE. The bank and OpenAI announced the enterprise collaboration on October 19
Gulfnews
20/10/2026
IP Holding has announced its intention to list on the Dubai Financial Market (DFM) through an initial public offering (IPO).
Its parent, Dubai Investments PJSC, will sell existing shares rep
Khaleej Times