SAE Launching L.E. 350 Million Project in Ein Al SukhnaSource: www.export-egypt.com 12/4/2011, Location: Africa |
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Egyptian Financial and Industrial Co. SAE has launched a L.E. 350 million project in Ain Al Sukhna (obviously to produce phosphate fertilizers) with output allocated completely for export abroad. This was announced by Mr. Ali Al Sayyad, Chairman of the Co. indicating that the project will produce annually about 700,000 tons. He added that the factory will be built on a land owned by the company.
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