The Egyptian company Abu Qir Fertilizers and Chemical Industries Company aims to increase its exports to Brazil and enter Latin American markets through direct trade, without intermediaries, according to the company’s Board of Directors, Abed Ezz El-Regal. Abu Qir is one of the largest fertilizer producers in the Middle East, with sales of US$ 846 million in the 2021-2022 fiscal year. The company nearly doubled, increasing by 85% sales over the previous fiscal year (US$457 million). Net income more than doubled, from US$ 182 million to almost US$ 467 million in the same comparison.
Source: Agência de Notícias Brazil-Arabe (*Translated by Ia Niani)