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Thndr Claps » EGY Claps » Industrials 🏗 » Abu Qir Fertilizers to establish $1.2 Billion Factory🏭

Abu Qir Fertilizers to establish $1.2 Billion Factory🏭

by Shams Abbas
March 14, 2022

The Clap
Abu Qir Fertilizers (ABUK) Chairman Saad Abu Al-Maati announced the company intends to establish a new fertilizer factory.

The deets
Construction of the new factory will take place on “Rakta” ​​company’s land, with an initial investment of about $1.2 billion.

Abu Al-Maati added that the General Petroleum Corporation may contribute to the factory’s construction by providing land’s value. ABUK is still studying the best option for how the petroleum corporation should contribute.

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