The European Bank for Reconstruction and Development (EBRD) is lending $20 million to Futurefert to expand its fertiliser production capacity in Egypt’s Suez Canal Economic Zone, as noted in an EBRD news statement. The financing supports the construction of three interconnected plants — a sulphuric acid plant, a potassium sulphate plant, and a single superphosphate plant — covering 127,000 square metres with total investment reaching $45.65 million. The new facilities will produce fertilisers primarily for export to European and African markets.
The expansion is expected to create around 300 direct jobs, adding to local employment and industrial development in the Northwest Gulf of Suez Special Economic Zone. Futurefert, wholly owned by Sharkia Holding Limited, already operates steam-granulated NPK fertiliser mixing with an annual production capacity of 240,000 metric tonnes, making it an established player in Egypt’s export-oriented industrial sector.
Egypt has been an EBRD member since the bank’s founding, and since operations began there in 2012, the EBRD has invested more than €14.3 billion across 222 projects supporting sustainable and inclusive economic growth. This latest loan deepens that relationship while helping Egypt strengthen its industrial base and export capacity at a time of growing global demand for agricultural inputs.
