Egyptian army’s economic empire: Unidentified market share yet high impact

With the recent presidential announcement of establishing a factory of fertilisers, to be supervised by the armed forces, questions have been raised regarding the army’s role in the economy and their repeated involvement in the economic scene.
Last week, President AbdelFattah Al-Sisi approved the establishment of a phosphate and fertiliser factory complex, supervised by military-owned El-Nasr Company for Intermediate Chemicals. The complex will include nine major factories with a production capacity of 1m tonnes per year of phosphate and compound fertilisers, Di-Ammonium Phosphate (DAP) and pure and commercial phosphoric acid.

The goals of the project were said to be contributing to meeting the fertiliser needs of farmers with an appropriate cost, increasing Egyptian exports, achieving the desired increase in agricultural production and creating social and economic benefit through employment opportunities.