CEO of GAFI, Hossam Heiba, explained that the strategy aligns with presidential directives and the decisions of the Supreme Council for Investment, aiming to create a collaborative and clear vision for investment in Egypt
Heiba highlighted the Egyptian government’s ambitious plan to increase private sector contribution to 48% of total investments by the fiscal year 2024/2025
Hynfra intends to build five plants to meet the green ammonia needs of Eastern and Central Europe, selecting Egypt as the site for one of these plants. The initial phase is expected to be completed by 2030, with a production capacity of 100,000 tons per year, and potential expansion to produce up to 1 million tons annually.
The aim is to meet the demand of the vast local market while positioning Egypt as a regional hub for exporting the company’s products to Middle Eastern and African countries.
This partnership aims to improve direct investment and venture capital in Egypt and create a supportive environment for investors.
