Carbon Holdings to Receive $5.6 B for Tahrir Complex

Carbon Holdings to Receive $5.6 B for Tahrir Complex

Carbon Holdings Company is set to start receiving tranches of a loan worth $5.6 billion to finance the Tahrir Petrochemicals Complex, which is planned to be established in Suez Canal Economic Zone by September 2019, a source close to the project told Al Borsa Newspaper.

The company received the land required for the project and is preparing to establish the complex and build a wall around it before the contractors start building the infrastructure, the source noted.

The investment cost for the petrochemical complex was estimated at $10.9 billion, of which $5.6 billion will be provided by the Export–Import Bank of the United States; UK Export Finance; Overseas Private Investment Corporation (OPIC); the German Development Bank (KfW); and Export Development Canada (EDC), while the remaining will be secured by contributors in the project.

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Sarah Samir 3498 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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