After success in Nigeria, Indorama seeks a bigger breakthrough in Egypt with $520m fertiliser project

The World Bank, through its private sector arm, the International Finance Corporation (IFC), is considering a financing package of up to $174 million to support Indorama Corporation’s ambitious fertiliser expansion in Egypt, building on the company’s long standing success in Nigeria and broader African markets.

According to news reports, the proposed funding will support the construction of a $520 million phosphate based fertiliser complex in Ain Sokna through Indorama Misr Fertilizers, the company’s Egyptian subsidiary.

The new facility will include a sulphuric acid plant, phosphoric acid plant, and granulation unit capable of producing major agricultural inputs including di ammonium phosphate (DAP), mono ammonium phosphate (MAP), and NPK blends.

Once completed, the plant is expected to produce around 600,000 tonnes of phosphate based fertilisers annually, supplying both Egypt’s domestic market and international customers.

The IFC investment, which is awaiting board approval with a decision expected on July 15, 2026, aims to strengthen Egypt’s position as a regional fertiliser manufacturing hub by introducing modern, resource efficient technologies and increasing export capacity.
The project is also expected to improve fertiliser supply chains in key agricultural economies, including India and Brazil, while creating jobs and adding greater value to Egypt’s manufacturing sector.

From Nigeria’s fertiliser giant to Egypt’s next industrial bet

Founded in 1975 by Mohan Lal Lohia and Sri Prakash Lohia, Indorama has grown into one of the world’s leading producers of fertilisers, petrochemicals, and industrial materials, with operations in 38 countries and about 50,000 employees.

The company has established itself as a dominant force in Nigeria’s industrial sector through its large scale fertiliser operations, becoming one of the leading fertiliser producers in sub Saharan Africa. It is also a major producer of polyolefins in West Africa and holds a 32 percent stake in Indorama Ventures, a global PET and fibre producer.

The Egypt project expands a partnership between IFC and Indorama that has lasted more than three decades, with a focus on supporting growth in emerging and higher risk markets.

Beyond financing, IFC will assist with environmental and social standards, climate impact assessments, and the development of long term sustainability targets.
The investment marks Indorama’s latest effort to extend its industrial footprint beyond its Nigerian success and position Egypt as another major centre in its global fertiliser network.

Faith Omoboye

Faith Omoboye is a foreign affairs correspondent with background in History and International relations. Her work focuses on African politics, diplomacy, and global governance.