Indian fertilizer manufacturer Ostwal Group of Industries is exploring the possibility of setting up a $300 million fertilizer production facility in Egypt, according to Egyptian Minister of Investment and Foreign Trade, Hassan El Khatib, during a recent meeting with the group’s delegation.
The proposed factory is expected to produce 700,000 tons of fertilizers annually. The company plans to target markets in the Middle East, Africa, Europe, and India for exports.
Minister El Khatib highlighted the appeal of the Egyptian market, noting its potential for investment due to the availability of raw materials, a skilled labor force, and abundant energy resources. Additionally, Egypt’s strategic location as a global production and export hub further enhances its attractiveness.
Ostwal Group’s Managing Director, Praveen Ostwal, affirmed the company’s interest in investing and expanding within the Egyptian market.
