Indorama Corp. has announced the signing of a contract to establish a major phosphate fertilizers and chemicals complex in Egypt, with an initial investment of US$525 million.
The project, referred to as ‘Indorama Egypt Fertilizers,’ will be developed within the Suez Canal Economic Zone in the Ain Sokhna Industrial Area. The signing ceremony was witnessed by H.E. Dr Mostafa Madbouly, Prime Minister of Egypt, in the presence of H.E. Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, and Walid Gamal El-Din, Chairman of the Suez Canal Economic Zone. The contract was signed by Mustafa Sheikhoun, Vice Chairman of the General Authority for the Suez Canal Economic Zone for Investment and Promotion Affairs, and Mukul Agrawal, Country Head – Egypt, Indorama Corp.
The facility will be constructed on a 522 000 m2 site and has been predicted to create up to 2500 roles during operations, in addition to approximately 500 job opportunities during the construction phase.
The first phase of the project will have a production capacity of up to 600 000 tpy, focusing on phosphate fertilizers and a range of related inputs and chemical products. Approximately 80% of the output is expected to be exported, supporting Egypt’s position as a regional hub for industrial manufacturing and global trade.
H.E. Dr Mostafa Madbouly stated that the project represents a qualitative addition to Egypt’s strategic industries, particularly in fertilizers and mineral resource-based sectors, and reflects the government’s focus on maximising the value of natural resources and creating sustainable employment opportunities in line with the goals of comprehensive economic development.
Walid Gamal El-Din explained that the project reflects the success of the General Authority for the Suez Canal Economic Zone in attracting specialised industrial investments with high capital and technological intensity.
For Indorama Corporation, the investment aligns with its global growth strategy in downstream chemicals and fertilizers, while strengthening its presence in high-potential emerging markets.