Tarek El-Molla, Minister of Petroleum and Mineral Resources, said that encouraging the establishment of small and medium-sized petrochemical companies will provide two advantages. First, enough products for local markets, instead of imports, and secondly absorbing  a large number of unemployed people, reported Egypt Oil & Gas.

El Molla additionally stressed that the coming period would witness the launching of mineral wealth projects, a key factor that would help both the investors and the country.