India's Ostwal Group plans to invest $300M in fertilizer plant in Egypt

Egypt’s Minister of Investment and Foreign Trade Hassan El-Khatib met recently with a delegation from India's Ostwal Group of Industries to discuss the group’s plan to invest $300 million in a fertilizer plant whose annual capacity will be over 700,000 tons.  The enterprise would take into account Egypt's strategic advantages, such as abundant raw materials, skilled labor, energy resources, as well as prime location as a global production and export hub.