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You are here: Home / Business / Governor “confident” rioting in Egypt will have no bearing on Iowa deal

Governor “confident” rioting in Egypt will have no bearing on Iowa deal

September 17, 2012 By O. Kay Henderson

Governor Branstad says he’s “concerned” about unrest in the Middle East, but he has no reason to believe an Egyptian company will shelve its plans to build a $1.4 billion fertilizer plant in southeast Iowa.

“I’m confident that that company — the owner of which is a Coptic Christian — will follow through with the commitment they’ve made here,” Branstad told reporters this morning.

Coptic Christians in Egypt are expressing concern about the rioting over an anti-Muslim film made by a Coptic Christian who lives in Los Angeles.

Orascom is the largest publicly-traded company in Egypt. The company plans to build a fertilizer plant in Lee County. State and local officials from Lee County have pledged incentives worth $240 million to land the deal.

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Filed Under: Business, News Tagged With: Corn & Soybeans, Republican Party, Terry Branstad

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