El-Khatib, India’s Tata Chemicals discuss expanding investment in Egypt
Updated 3/18/2025 12:55:00 PMArab Finance: Minister of Investment and Foreign Trade Hassan El-Khatib and India-based Tata Chemicals Ltd’s Chief Commercial Officer Venkatadri Ranganathan explored opportunities to expand investments in Egypt, according to a statement.
The meeting discussed enhancing cooperation in technology transfer and local manufacturing, contributing to supporting industrial development in Egypt.
El-Khatib said that this aligns with the government's efforts to promote foreign direct investment (FDI) and support partnerships with international companies.
The two parties also addressed a cooperation agreement between the Egyptian government and the Indian renewable energy company PowerOcior, with investments totaling $4.2 billion.
The deal includes establishing an integrated project to produce green ammonia from green hydrogen, with the first phase expected to begin operating in the first quarter (Q1) of 2027.
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