Carbon Holdings Company wants to build a world-scale naphtha cracker in Egypt’s Suez Canal Economic Zone (SCZone).

The company announced that El-Mohandes joined them from the Export-Import Bank of the United States to work on securing appropriate, sustainable streams of funds for the company.

US construction company Bechtel has signed a project management consultancy (PMC) contract with Egypt’s Carbon Holdings for the Tahrir Petrochemical Complex.

The Egyptian cabinet signed contracts on June 30 with the Cairo-based Carbon Holdings to build a $10.9 billion petrochemical complex.

Carbon Holdings will start constructing the Tahrir petrochemicals complex by the end of 2018.

Founder, Chairman and CEO of Carbon Holdings, Basil El-Baz, has been selected to receive the AFRICA Entrepreneur of the Year Award 2016.