Golden Triangle Economic Zone receives offers to establish new fertilizer complexes

Egypt recently received three offers to establish several new complexes in the Golden Triangle Economic Zone, according to the chairperson for the General Authority of the Golden Triangle Economic Zone (GTEZ) Adel Saeed.

Speaking on the sidelines of the Egypt Mining Forum, Saeed revealed that the combined offers have an estimated investment value of $1.6 billion from local and international investors.

Located in the Red Sea governate, the Golden Triangle is considered one of Egypt’s richest mining areas spanning across Safaga, Quseir, and Qena. The government previously estimated that the area accounts for around 75 percent of the country’s mining minerals, including minerals used in the manufacturing of fertilizer.