Funds will be used to construct and operate three plants in Suez Canal Economic Zone
- EBRD lending US$ 20 million to Futurefert
- Financing will support construction and operation of three industrial plants in Suez Canal Economic Zone
- Project expected to create around 300 direct jobs
The European Bank for Reconstruction and Development (EBRD) is strengthening Egypt’s industrial sector by lending US$ 20 million (€17.5 million) to Futurefert to support its capital expenditure programme.
The EBRD financing will support the construction and operation of three interconnected plants – a sulphuric acid plant, a potassium sulphate plant and a single superphosphate plant – in the Suez Canal Economic Zone, within the Northwest Gulf of Suez Special Economic Zone. The three plants, which will be used for exports to European and African markets, will cover a total area of 127,000 square metres and involve total investment of US$ 45.65 million (€39.9 million).
Futurefert’s expansion is expected to create approximately 300 direct job opportunities, contributing to local employment and industrial development.
Futurefert is a steam‑granulated fertiliser mixer operating in the Suez Canal Economic Zone. The company produces high-quality granular NPK fertilisers, primarily for export, with an annual production capacity of 240,000 metric tonnes, and is wholly owned by Sharkia Holding Limited.
Egypt is a founding member of the EBRD. Since the Bank began operating in the country in 2012, it has invested more than €14.3 billion across 222 projects, supporting the development of a sustainable, competitive and inclusive economy.
The EBRD is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 41 economies across three continents. The Bank is owned by 77 countries as well as the EU and the EIB. EBRD investments are aimed at making the economies in its regions competitive, well governed, green, inclusive, resilientandintegrated. Follow us on the web, Facebook, LinkedIn, Instagram, X and YouTube