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Kima finishes 84% of EGP 11.5bn Aswan ammonia plant

Kima finishes 84% of EGP 11.5bn Aswan ammonia plant
Italy’s Maire Tecnimont is implementing the project with a total investment worth EGP 11 billion
Kima
EGCH
0.43% 7.03 0.03

Cairo – Mubasher: Egyptian Chemical Industries (Kima) has completed 84% of KIMA 2 facility for ammonia and urea production in Aswan, according to a bourse filing on Sunday.

In February 2018, Kima announced that it achieved about 83% of KIMA 2 project.

Italy’s Maire Tecnimont is implementing the project with a total investment worth EGP 11 billion.

Kima was aiming to finish 60% of the total project by the end of the current fiscal year to be wholly finalised within 20 months.