49554
IRC Egypt
Jun 9, 2026
Egypt, Arab Republic of
Africa
Jul 15, 2026
B - Limited
Pending Approval
Jun 9, 2026
Regional Industry - MAS Africa
Manufacturing
Phosphatic Fertilizer
Indorama Corporation Pte. Ltd. (Indorama or the Group), a Singapore-based holding company, is a long standing strategic IFC client. Over the last three decades IFC and Indorama have partnered to enter high-risk markets, during which time Indorama has evolved into one of the world's fastest-growing fertilizer, petrochemical, and fiber companies. As part of its growth strategy, Indorama is expanding its footprint into the Middle East and North Africa through the development and construction of a greenfield phosphatic fertilizer complex in Ain Sokhna, Egypt.
The proposed IFC investment is an up to US$174 million debt financing package to Indorama Misr Fertilizers SAE (IRM) for developing a greenfield integrated phosphate-based fertilizer facility in Ain Sokhna, Egypt (the Project). The expected investment cost of the Project is US$520 million which will include a sulfuric acid plant (SAP), a phosphoric acid plant (PAP) and a granulation unit to produce di-ammonium phosphate (DAP) and mono-ammonium phosphate (MAP), NPK fertilizers and associated infrastructure. The Project is expected to produce 600,000 tonnes per annum of phosphate-based fertilizer.
IFC is providing advisory services to the Project to support the development of a Sustainability-Linked Loan (SLL) financing framework.
For Inquiries About the Project, Contact
For Inquiries and Comments About IFC, Contact
Local Access of Project Documentation
Indorama Misr Fertilizers SAE, 3rd Floor, Arab Admin Dev Building, 2 El-Hegaz Street, Heliopolis, Cairo, Egypt