Algeria invests $7 billion to produce phosphate-based fertilizers

Called the Integrated Phosphate Project (PPI), this vast project will mobilize 7 billion dollars (6.36 billion euros) in the wilayas of the east of the country (Tébessa, Souk Ahras, Skikda and Annaba). It will concern, more specifically, the development and exploitation of the phosphate deposit of Bled El Hadba, Djebel Onk (wilaya of Tébessa), the chemical transformation of phosphates at Oued Kébérit (wilaya of Souk Ahras), the manufacture of fertilizer in Hadjar Soud (wilaya of Skikda), as well as dedicated port facilities at the port of Annaba.

“This project uses the latest technologies for a large production of ecological components at a lower cost by recovering all the scrap for the benefit of other sectors such as public works, construction and renewable energies”says Mohamed Tahar Heouaine, CEO of the Asmidal group.

The PPI will be accompanied by related infrastructure projects whose investment is estimated at between 5 and 6 billion dollars (4.55 to 5.45 billion euros).

It is the first of its kind in Algeria in the field of mining and fertilizer production. It should create 12,000 jobs in the construction phase and, in the long term, in the operating phase, some 6,000 direct jobs and 24,000 indirect jobs.

Most of the fertilizers will be exported and only a small part will go to the local market.

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