Prime Minister Mostafa Madbouly held a meeting at the government headquarters in New Alamein to follow up on the developments of the phosphoric acid production project in the Abu Tartur plateau in the New Valley Governorate.

The meeting was attended by Tarek El Molla, Minister of Petroleum and Mineral Resources; Mahmoud Esmat, Minister of Public Enterprises Sector; Mohamed Al-Zamlot, Governor of the New Valley; Mohamed Abdel-Azim, Chairman of PhosPhate Misr Company; and Medhat Yousry, Managing Director of the company.

The Prime Minister started the meeting, by highlighting the importance of the phosphoric acid production project in the New Valley. He highlights that it represents profound contributions to achieving sustainable development in the governorate. This will meet the needs of the local market for this product, reduce its import bill, and provide thousands of job opportunities.

El Molla stated that the Abu Tartour project for the production of phosphoric acid is one of the national projects that the ministry attaches great importance to, because of its positive impact on maximizing the added value of phosphate ore. It is a continuation of the state’s efforts during the last period to attract investments in developing governorates such as the New Valley Governorate.

Abdel-Azim confirmed that the commercial phosphoric acid production project in Abu Tartour in the New Valley is the largest industrial complex in Egypt for the production of phosphoric acid. In the complex, production depends on the use of Abu Tartur Phosphate ore, and maximizing its added value instead of exporting it as a raw material. The project also contributes to the comprehensive development of the New Valley Governorate, as the project will provide more than 3,000 direct and indirect job opportunities.

The meeting included a presentation on the project site in the Abu Tartur plateau, as well as the production units of the project, and some economic indicators

The financing position of the project and the proposed timetable for its implementation were also discussed.