Egypt Signs $658mln Deal for Phosphoric Acid Complex Construction
Deal News | Jun 30, 2025 | Zawya
In a significant move to bolster its industrial processing capacity, Egypt has entered final contracts for the construction of a $658 million Phosphoric Acid Complex Project. This initiative, marking a significant departure from the country’s historical reliance on raw mineral exports, is located at the Abu Tartur Plateau in the New Valley Governorate. The project aims to produce 250,000 tonnes of high-grade phosphoric acid annually in its first phase, using locally sourced phosphate ore. The Petroleum and Mineral Resources Ministry emphasized the project's role in solidifying the broader strategy to maximize returns from Egypt's mineral wealth. The contracts have been signed with a Chinese consortium, involving China State Construction Engineering Corporation and East China Engineering Science and Technology Co. The initiative is expected to catalyze industrial development in the New Valley, described by Governor Mohammed El-Zamlout as a transformative venture for the region.
Sectors
- Industrial Manufacturing
- Mining
- Chemical Industry
Geography
- Egypt – The Phosphoric Acid Complex project is situated in Egypt's New Valley Governorate.
- China – The consortium involved in the construction includes major Chinese firms, indicating significant international involvement and cooperation.
Industry
- Industrial Manufacturing – The article revolves around the construction and operation of a high-value industrial phosphoric acid complex.
- Mining – The project is based on mining phosphate ore from the Abu Tartur Plateau.
- Chemical Industry – The targeted output of phosphoric acid positions the project within the chemical production industry.
Financials
- $658 million – The total cost of the construction deal for the phosphoric acid complex.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Egypt Petroleum and Mineral Resources Ministry | Government | Government | Oversees the development and strategic direction of the nation’s mineral resources. |
| China State Construction Engineering Corporation (CSCEC) | Bidding Company | Company | Part of the Chinese consortium to construct the phosphoric acid complex. |
| East China Engineering Science and Technology Co. (ECEC) | Bidding Company | Company | Collaborator in the Chinese consortium engaged in the construction project. |
| Mohammed El-Zamlout | Governor | Government | Governor of the New Valley, emphasizing the project's significance to regional development. |
| Karim Badawy | Minister | People | The Minister of Petroleum and Mineral Resources in Egypt, highlighting the strategic importance of the project. |