Chinese Firm To Fund 1-Billion-USD Major Chemical Complex In Egypt
CAIRO, Nov 28 (NNN-MENA) – China’s Kunming Chuan Jin Nuo Chemical Co., Ltd. (CJN), signed an agreement yesterday, with Egypt’s El Sewedy Industrial Development, to build a major integrated phosphate chemical industrial complex, in the Suez Canal Economic Zone (SCZone), east of Cairo. The Chinese company will invest one billion U.S. dollars in the project, which will cover 905,000 square metres, in the Sokhna Industrial Zone within the SCZone, and create about 10,000 jobs, according to an Egyptian government statement. The complex will be constructed in three phases. The first phase, starting next year, will produce phosphoric acid and fertilisers. […]
