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Orascom Construction inks £120m fertiliser plant deal

Egypt's Orascom Construction Industries (OCI) has announced the signing of a $120m agreement with Italy's Maire Tecnimont to build a fertiliser factory in the southern province of Aswan, Ahram has reported. OCI will supply materials and execute the construction work for the nitrogen-based fertiliser complex which will be run by the Egyptian Chemical Industries Co (KIMA) on completion. Last March, OCI and Tecnimont announced a partnership to explore potential fertiliser opportunities in sub-Saharan Africa. The companies are also collaborating on industrial facilities in Ruwais, Abu Dhabi.