The project will be established on a 15,000-square-meter, with Egyptian investments totaling USD 2 million (equivalent to EGP 94 million), and is expected to create approximately 70 direct jobs.
Production is scheduled to begin in early 2027, with an annual
capacity ranging between 5,000 and 7,000 tons.
The contract was signed by Major General Walid Youssef,
Managing Director of the Main Development Company, and Dr. Walid Abdel-Rashid Bassiouny,
Director of Grass Egypt Company.
Walid Gamal El-Din stated that the signing of the Grass
Egypt project is part of the Authority’s strategy to support promising Egyptian
investments in vital sectors. He explained that the project will directly
contribute to substituting imports of fertilizers, soil conditioners, and
pesticides currently brought from abroad, reflecting the Authority’s commitment
to localizing national industries and developing domestic supply chains in key
sectors, while reducing reliance on foreign markets.
Gamal El-Din added that the Authority seeks to provide full
support to investors by offering a comprehensive investment environment,
including administrative, logistical, and technical facilities, as well as
customized service packages to expedite project implementation and efficient
operation. He emphasized that such projects demonstrate the Authority’s
commitment to driving economic development in the region and enhancing the
industrial and agricultural sectors’ contribution to Egypt’s national
industrial vision, creating tangible added value for both investors and the
wider community.
It is worth noting that the Grass Egypt project represents a
qualitative addition to the portfolio of Egyptian investments within the Suez
Canal Economic Zone. These investments complement foreign projects to strengthen
the zone’s role as an integrated industrial and logistical hub, highlighting
the Authority’s success in attracting both local and international investments,
supporting the national economy, and enhancing the competitiveness of Egyptian
products domestically and globally.