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بوابة الفجر
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Abu Tator begins first phosphate acid plant with 658M investment
The groundbreaking ceremony has been held for the first industrial complex dedicated to the production of phosphoric acid from Egyptian phosphate ore in the Abu Tantur area, with investments reaching up to $658 million. The aim is to enhance the added value of mineral resources and transform raw materials into high-economic-value products. The project seeks to produce 250,000 tons annually of high-concentration phosphoric acid, a fundamental component in fertilizer manufacturing. It is expected to contribute to creating over 3,000 direct and indirect job opportunities, in addition to boosting exports and bringing in foreign currency through export activities via the Sfax Port. This initiative is part of the state's efforts to achieve a qualitative leap in the mining sector, with mining industries playing a key role in the development of New Valley Governorate and strengthening the region’s position as a strategic industrial hub. It also promotes the transition from raw material extraction to the establishment of value-added processing industries. The project is being implemented by the Chinese companies CSCEC and ECEC, utilizing the latest technologies, with an expected completion timeline of 30 months.
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