Plans for $5 B Petrochemicals Complex in Alexandria

Plans for $5 B Petrochemicals Complex in Alexandria

The government is considering a project to establish a petrochemicals complex in Alexandria, with around $5 billion in investments, beside a current $1.5-billion factory, bringing total investments to $6.5 billion, according to Alexandria Governor Abdul Aziz Qansua, Amwal El Ghad reported.

“Egypt has succeeded in pumping huge investments in natural gas exploration and production (E&P) to achieve self-sufficiency. Now Egypt targets increasing the added-value to natural gas,” the governor said during an event organized by the Egyptian Businessmen Association on June 18 with a Saudi delegation of 40 investors.

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