Africa-Press. The Egyptian Ministry of Petroleum reported that the Chinese group “Xingfa” intends to invest $2 billion to implement an integrated project for the exploration, extraction, and production of phosphate, including several high-quality products.
The ministry stated in a release that the project will include the establishment of the group’s largest industrial center outside China.
It also added that, during discussions with the delegation of the Chinese group “Xingfa” (XINGFA), an agreement was reached to continue joint coordination for the exchange of technical information and studies necessary for the proposed project.
