12 March 2013

Egypt: Mega Project for Mineral Salts Underway

Preparations are under way to implement a giant project for extracting mineral salts in Egypt, through the establishment of a large industrial complex for producing mineral salts from Lake Moeris with the use of the state-of-the-art technology.

The project's investments hit some $100 million, to be implemented by Al-Rajhi Group; a giant Saudi company specialized in industrial investment.

In his meeting with the managing director of the group, Minister of Industry and Foreign Trade Hatem Salem said the project is considered one of the greatest investment ventures to be established in the field of extracting mineral salts in Egypt.

The project aims at extracting and manufacturing 120,000 tons annually of Sodium sulphate and 150,000 tons annually of magnesium sulphate, sodium chloride and potassium chloride.

Moreover, the project provides some 400 direct and indirect jobs, the Minister added.

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