
ZAWYA-SNG: China’s Xingfa Group to implement $2bln phosphate project in Egypt

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China's Xingfa Group plans to invest $2 billion in a phosphate project in Egypt, focusing on exploration, extraction, and production of high-quality phosphate products. The project, discussed in a meeting with Egypt's Minister of Petroleum and Mineral Resources, aligns with efforts to enhance the mining sector. The investment will occur in three phases at the Golden Triangle Economic Zone, with the Egyptian government providing full support to finalize a memorandum of understanding for the joint venture.
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