News

In a move that affirms the Egyptian state’s support for major industrial companies and their active contribution to the economy, the Ministerial Committee for the Settlement of Investment Disputes issued a decisive ruling in favor of Misr Fertilizer Production Company (MOPCO).

The decision confirmed the company’s right to ownership of a 150,000 square meter plot of land in the Rahab Industrial Zone in New Damietta City. This brings to a close numerous rounds of negotiations with the New Urban Communities Authority and the Development Authority of New Damietta City.

The text of the decision reads as follows:
“The New Urban Communities Authority is obliged to revoke the decision cancelling the allocation of the disputed plot of land No. (1/A), located in the East Canal Zone in New Damietta City, with an area of 150,000 square meters, which was previously allocated to Misr Fertilizer Production Company (MOPCO).”

This decision, approved by the Cabinet in its session held on June 4, 2025, serves as a testament to MOPCO's standing and vital role, and confirms the state's recognition of the importance of MOPCO’s contribution to boosting GDP and attracting investment. It also reflects the state's confidence in the company’s ability to implement new projects that will help drive production forward—projects that will directly contribute to providing foreign currency for the country and benefiting the national economy.

It is also worth noting that this step by the state enhances MOPCO’s position. The company was recently ranked 12th among the top 50 operating companies in Egypt, according to Forbes Middle East. This prestigious ranking highlights MOPCO’s capacity to achieve tangible economic accomplishments and its leadership in the industrial sector, making it one of the largest industrial companies operating in Egypt and a cornerstone of the country’s industrial landscape.

This government decision clearly reflects the state’s commitment to supporting industrial investment and empowering leading companies like MOPCO to grow and expand, thereby strengthening the Egyptian economy as a whole.