Indorama closes in on USD 348 mn IFC, EBRD debt package for Ain Sokhna fertilizer complex
· Egyptian market news · MISR
Singapore -based Indorama is closing in on a combined USD 348 mn debt package for its greenfield phosphate fertilizer complex in the Suez Canal Economic Zone (SCZone) International Finance Corporation European Bank for Reconstruction and Development Indorama Misr Fertilizers
BACKGROUND- since 2023 in April USD 700 mn investment playbook
Speaking of fertilizers
The Agriculture Ministry is facilitating talks for local fertilizer manufacturers to secure long-term supply agreements with the Philippines statement
Why it matters: In May falling global spot prices 10% duty
A fruit basket on the side:
In other investment news
Elsewedy Electric is pouring USD 200 mn into three new industrial projects EGX disclosure (pdf)
Original source: enterpriseam.com