ICEC

Aswan Investors to Establish Industrial Area for phosphate in Edfu with US$6bn

Aswan Investors Association is currently considering establishing industrial area for phosphate industry in Edfu with investments worth US$6 billion, Head of Association Mr. Sutohey Mostafa asserted.

It is schedule to establish 20 labor-intensive factory in Edfu, and it is targeting to provide around 7.000 job opportunities.

In statements to Amwal Al Ghad, Sutohey noted that it is necessary to develop Safaga port in order to meet with exporting phosphate.

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