Egypt’s President Abdel Fattah El Sisi received on Wednesday a delegation comprising the heads of the Chinese Wuhuan Engineering Company and the Italian Palestra Company working in the field of fertilisers along with senior officials of the two companies.
The meeting was attended by the Head of the Financial Affairs Authority of the Armed Forces, Lieutenant General Ahmed El Shazly, Director General of the National Service Projects Organisation of the Armed Forces Major General Walid Abul Magd, Chairman of the Board of Directors of Al Nasr Company for Intermediate Chemicals Major General Dr Ihab Abdel Samie, and Chairman of the Board of Directors of Petrojet Company Eng Walid Lotfi.
The meeting reviewed the ongoing co-operation and partnership with the leading Chinese and Italian companies with the aim to start immediately the construction of the third industrial complex for the production of fertilisers in Ain Sukhna, Presidency Spokesperson Ahmed Fahmy said.
This project complements the successful establishment and operation of the two industrial complexes for phosphate and composite fertilisers, and nitrogen fertilisers in Ain Sukhna.
The spokesperson stated that President Sisi praised, during the meeting, the ongoing co-operation with the two companies, in light of Egypt’s distinguished friendly relations with both China and Italy. The president gave directives for the continuation of efforts to develop the fertiliser production system at the local level, as it is one of the most important inputs and requirements affecting agricultural production and food security.
President Sisi also explained that the country is working diligently to build a real and advanced industrial base in various fields, especially those related to food security and vital sectors, in light of the growing international challenges in this regard.
The president also stressed the need to step up efforts to localise the industry and deepen local manufacturing in Egypt, especially through the transfer of knowledge, technology and experience by benefiting from the advanced production and operational capabilities of major foreign companies in the world.
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