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[size=52]Minister of Industry: Companies are on the cusp of transforming from losing to profitable, and we will produce complex fertilizers[/size]
[size=45]The Minister of Industry and Minerals, Khaled Battal Al-Najm, announced yesterday, Sunday, the transformation of losing local companies into profitable ones, while noting that the Northern Fertilizers Company has a contract in the process of obtaining approval to produce compound fertilizers at a cost of 200 million dollars.[/size]
[size=45]Battal said, “The Ministry has companies on the cusp of transforming from losing companies to profitable companies. The first will be the Sulfur Company during the year 2025, and the Southern Fertilizers Company,” noting that “Northern Fertilizers has a contract in the process of obtaining approval from the Supreme Committee for Reconstruction and Investment to produce complex fertilizers at a cost.” $200 million with a foreign invested company, and this will also be one of the steps in moving from a loss to a break-even and then to profitability.”[/size]
[size=45]He added, "The cement company is witnessing remarkable development. As for the iron and steel companies, during the end of 2024 and the beginning of 2025, if they achieve profit, they will achieve break-even and then achieve profitability."[/size]
[size=45]He pointed out that “the opportunity for some companies to compete is very limited, such as tires and rubber, which manufacture old brands that do not meet the desires of citizens, but they can compete over time.”[/size]
[size=45][You must be registered and logged in to see this link.]
[size=52]Minister of Industry: Companies are on the cusp of transforming from losing to profitable, and we will produce complex fertilizers[/size]
[size=45]The Minister of Industry and Minerals, Khaled Battal Al-Najm, announced yesterday, Sunday, the transformation of losing local companies into profitable ones, while noting that the Northern Fertilizers Company has a contract in the process of obtaining approval to produce compound fertilizers at a cost of 200 million dollars.[/size]
[size=45]Battal said, “The Ministry has companies on the cusp of transforming from losing companies to profitable companies. The first will be the Sulfur Company during the year 2025, and the Southern Fertilizers Company,” noting that “Northern Fertilizers has a contract in the process of obtaining approval from the Supreme Committee for Reconstruction and Investment to produce complex fertilizers at a cost.” $200 million with a foreign invested company, and this will also be one of the steps in moving from a loss to a break-even and then to profitability.”[/size]
[size=45]He added, "The cement company is witnessing remarkable development. As for the iron and steel companies, during the end of 2024 and the beginning of 2025, if they achieve profit, they will achieve break-even and then achieve profitability."[/size]
[size=45]He pointed out that “the opportunity for some companies to compete is very limited, such as tires and rubber, which manufacture old brands that do not meet the desires of citizens, but they can compete over time.”[/size]
[size=45][You must be registered and logged in to see this link.]
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