A comprehensive shareholders’ agreement has been signed by Dangote Group and Ethiopian Investment Holdings (EIH), the government of Ethiopia’s strategic investment arm, to design, build, and run a world-class urea fertilizer production complex in Gode, Ethiopia.
Under the terms of the collaboration, Dangote Group would retain 60% ownership of the project, which is one of the biggest industrial investments in Ethiopian history, while EIH will possess 40% of the stock.
With a combined capacity of up to three million metric tons annually, the ambitious project will create one of the largest single-site urea fertilizer production complexes in the world.The plant will be one of the world’s top five largest urea producing facilities.The two businesses will work together to design, develop, own, build, run, maintain, insure, and finance the cutting-edge urea fertilizer facilities and related infrastructure.
Advanced gas transport pipelines to remove natural gas from Ethiopia’s Hilal and Calub reservoirs, storage facilities, logistics infrastructure, and export capabilities to cater to both local and regional markets are all part of the complete development.
About The Author
