A US $7.5bn contract deal has been signed for the construction of the Tahrir Petrochemical Complex in Egypt. Engineer Tarek Al-Mulla confirmed that the project is one of the Ministry of Oil and Mineral Wealth’s pillars to develop the refining and petrochemical industry in the North African country. The project will be built on an area of ​​3.56 million square meters in Ain Sokhna industrial zone, near the Gulf of Suez. It will involve setting up of a 4 000 000 tonne per annum naphtha cracker plant which will be biggest in the world. Upon completion the complex is expected to meet local market needs for project products and downsizing the state imports of these products as well as creating export opportunities for productive materials, and resettling the industry.

Source: The North Africa Journal April 30, 2021 12:56 UTC