Featured

Dr. Mostafa Madbouly witnessed today the signing ceremony of Polyserve’s Egyptian Chemicals Company project, at the government headquarters in the New Administrative Capital. The project is set to be established in the integrated Sokhna industrial zone, Suez Canal Economic Zone (SCZone), in the presence of Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, and Mr. Walid Gamal El-Din, Chairman of the SCZone. The contract was signed by Mr. Mostafa Sheikhoon, Deputy Chairman of the SCZone for Investment and Promotion Affairs, and Mr. Mostafa El-Gebali, CEO of Poly Serve Egyptian Chemicals Company. The Poly Serve project will be established on an area of 650,000 square meters within the integrated Sokhna industrial zone, with total investments estimated at $215 million, including 40% self-financing. The project is expected to have an annual production capacity of 3.5 million tons and will provide around 500 direct job opportunities. Poly Serve is an Egyptian company with diversified activities including mining, fertilizers, and various chemical industries such as basic chemicals, nitrogen compounds, extraction of stones, sand, and clay, as well as chemical minerals and fertilizers. The company also produces sulfuric and phosphoric acids, along with specialized and compound fertilizers. Following the signing ceremony, Prime Minister Madbouly emphasized that localizing such industries has a significant positive impact on the national economy, contributing to reducing import bills and boosting Egyptian exports. He noted that the ongoing efforts by the SCZone provide strong incentives for investors by offering a well-prepared business environment. He reaffirmed the government’s commitment to attracting private sector projects with high added value, highlighting their role in deepening local manufacturing and enhancing the competitiveness of Egyptian products in regional markets. For his part, Mr. Walid Gamal El-Din stated that the new chemicals project provides direct support to both the petroleum services and agricultural development sectors. He added that the SCZone is increasingly focused on diversifying investments to achieve economic integration, in line with its strategic vision to localize industry, transfer technology, and enhance logistics and service activities across 21 sectors. He also highlighted the SCZone’s strategic location along both sides of the Suez Canal, enabling full access to regional and global markets. Additionally, he pointed to the zone’s integrated network of ports on both the Mediterranean and Red Seas, and their connection with industrial zones, as a key solution to overcoming global trade and supply chain challenges. He further noted the important role of skilled technical labor as one of the zone’s main competitive advantages for investors.

The Board of Directors of Ferchem Egypt for Fertilizers and Chemicals has approved the company’s participation in establishing a new Egyptian joint-stock company. The new entity aims to develop an industrial complex for the production of sulfuric acid, phosphoric acid, and compound fertilizers. The company had previously announced its financial results for the period from January 1 to September 30, 2025, reporting a net profit of EGP 2.009 billion, compared to a net profit of EGP 42.597 million during the same period in the previous year. Ferchem was established in 2001 with a capital of EGP 35.1 million and is considered one of the leading Egyptian companies specializing in the manufacturing of blended fertilizers. Over time, the company expanded its operations to include phosphate fertilizers and water-soluble fertilizers, supporting the development of Egypt’s agriculture and fertilizer sectors. The company’s headquarters and factories are located in Sadat City, Menoufia Governorate, on an area of 33,000 square meters. The Chairman of the Board is Engineer Abdel Salam El-Gebaly. Ferchem was among the first agricultural/fertilizer companies listed on the Egyptian Exchange, initially listed on the Nile Stock Exchange. The production capacity of the blended fertilizer plant currently stands at 100,000 tons annually, and the company aims to expand its production capacity to meet the growing domestic demand and increase exports abroad.

Engineer Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, inaugurated the graduation ceremony of the first class of Abu Zaabal Industrial Development School, held at the National Museum of Egyptian Civilization, under the patronage of Dr. Mostafa Madbouly, Prime Minister of Egypt. The ceremony was attended by Engineer Mohamed Shimi, Minister of Public Business Sector; Alaa Farouk, Minister of Agriculture and Land Reclamation; Engineer Ayman Attia, Governor of Qalyubia; representatives of Polyserve Group for Fertilizers led by Dr. Sherif El-Gebaly, Chairman of the Group; as well as ambassadors from several countries, heads of industrial chambers, members of the Federation of Egyptian Industries, and members of the House of Representatives. At the beginning of his speech, the Deputy Prime Minister for Industrial Development and Minister of Industry expressed his pleasure in participating in the celebration of the first graduating class of Abu Zaabal Industrial Development School. He described the school as a distinguished national model of cooperation between the government and the private sector in preparing skilled technical professionals to support Egyptian industry. He also extended his appreciation to Polyserve Group for Fertilizers, led by Dr. Sherif El-Gebaly and Dr. Abdel Salam El-Gebaly, for their dedicated efforts and national vision in supporting applied technical education. The group established the Industrial Development Secondary School within the Ferchem Egypt for Fertilizers and Chemicals plant in Abu Zaabal, in full coordination with the Productivity and Vocational Training Authority of the Ministry of Industry. The minister emphasized that this pioneering partnership represents a practical example of the government’s goal to connect technical education with real industrial practice, transforming factories into learning environments and schools into real production settings where young people learn the values of work, discipline, and craftsmanship. He noted that Abu Zaabal Industrial Development School is not merely a place of education but an integrated training and production system, offering several specializations including mechanical maintenance, electrical maintenance, automation, and chemistry—fields considered essential to modern industry. The minister added that Egypt’s strong focus on technical and applied education comes in line with the directives of President Abdel Fattah El-Sisi, who has repeatedly stressed that industrial development begins with building a skilled and qualified workforce. Accordingly, the Ministry of Industry has been tasked with rebuilding the industrial technical education system in cooperation with the private sector so that schools and training centers become platforms for preparing talent capable of leading the future of Egyptian industry. He highlighted that initiatives such as the Abu Zaabal Industrial Development School demonstrate that the national private sector is a genuine partner in development, contributing not only to production but also to workforce training and capability building needed by factories. Addressing the graduates, the minister said they represent the successful outcome of cooperation between the state and the private industrial sector. He described them as a new generation of Egyptian technicians who studied in a real working environment and gained experience, discipline, and responsibility. He added that working in industry is not merely a job but a mission of honor and responsibility, as every product bearing the label “Made in Egypt” reflects both the graduates and their nation. The minister also explained that since assuming responsibility for the Ministry of Industry—alongside the Ministry of Transport—and following the formation of the Ministerial Group for Industrial Development, an urgent plan was launched to advance Egyptian industry. The plan focuses on seven key pillars, including: Deepening local manufacturing to reduce imports Expanding the industrial base to increase exports Restarting idle and struggling factories Improving the quality of Egyptian products to compete locally and globally Creating employment through productive industries Supporting digital transformation Expanding green industries He stressed that training and qualifying technical labor remains one of the most important priorities. In this context, the Ministry of Industry has allocated 43 training centers affiliated with the Productivity and Vocational Training Authority for private sector companies to manage and operate, helping to produce qualified and well-trained workers. The ministry is also working to restructure training stations not located within factories and instead establish training centers inside industrial facilities, ensuring that training is directly linked to real production environments. The minister concluded by reaffirming the government’s commitment to expanding such successful experiences in cooperation with serious national investors, establishing specialized training stations within major factories across different sectors to ensure integration between education and production. He thanked everyone who contributed to the success of this initiative, including Ferchem Egypt for Fertilizers and Chemicals, the Productivity and Vocational Training Authority, trainers, supervisors, and graduates whose dedication and achievements have brought pride to Egypt. At the end of the ceremony, the Deputy Prime Minister for Industrial Development and Minister of Industry and Transport presented 22 graduation certificates to the school’s graduates and 9 employment contracts within Polyserve Group for Fertilizers to graduates who had reached the age of 18.

The Egyptian Company for Mineral Resources (ECMR) and Ferchem Masr for Fertilizers and Chemicals (FERC) have inked a framework agreement to establish joint phosphate manufacturing projects, the Ministry of Petroleum and Mineral Resources stated on October 7th. Under the new partnership, the two parties will establish a specialized factory for manufacturing phosphate fertilizers and another facility for upgrading low-quality phosphate ore to maximize its economic value. The initiative aligns with the third axis of the Ministry of Petroleum and Mineral Resources’ strategy, which focuses on developing and expanding the mining sector to enhance the added value of mineral resources and ensure their optimal exploitation.

Ferchem Masr for Fertilizers and Chemicals (FERC) stated Abu Zaabal Company rented 5,000 square meters from the former land plot located in Monufia governorate, according to the company’s July 15th statement filed to the Egyptian Exchange. Abu Zaabal rented the land in order to establish an industrial project to manufacture fertilizer. Ferchem Masr posted a net profit of EGP 5,060,504 in Quarter one (Q1) of 2020, a 40% increase from EGP 3,602,911 achieved in Q1 2019. Ferchem Masr was founded in 2001 as a leading joint-stock company specialized in blended fertilizer industry Phosphate and soluble fertilizers were added to help support the fertilizers industry and agriculture in Egypt.