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Country-Plan Projects and Tenders |
| 7443 Subject |
700 مليون دولار لمشروع لانتاج الاسمدة النيتروجينية في دمياط بتمويل كندي Days after announcing a $ 450 million project to produce methanol in cooperation with Canada, another $ 700 million project was announced to produce nitrogen fertilizers in Damietta, also in cooperation with Canada. |
| Date Published | Tuesday, November 30, 2004 |
| Source Name | Asharq Al Awsat |
| Location Name | Suez |
| Description | Days after announcing a $ 450 million project to produce methanol in cooperation with Canada, on which we have already reported, another $ 700 million project was announced to produce nitrogen fertilizers in Damietta, also in cooperation with a Canadian company identified as Agrium Co.. Here also the Canadian Company has proposed to acquire 60 % of equity, with the remaining shares to be covered by the Petroleum Sector. Developments were obviously the base of statements of Egypt Minister of Petroleum, Eng. Sameh Fahmy, quoted in the media, revealing $ 1 billion + Canadian investments to implement two fertilizers & petrochemicals projects in Egypt are in the Pipeline. |
| Sectors Section |
Beneficiary Sectors - Electromechanical Works Electromechanical Works - Construction Projects Integrated works - Agriculture & Food Fertilizers & Agro Chemicals - Industry Fertilizers & Agro Chemicals |
