The Egyptian government and privately owned firm Carbon Holding signed a contract to set up the largest petrochemical complex in Middle East.
As per source, The Tahrir petrochemical project is expected to cost around US$10.9 billion and will be built on a 5 million square meters of land in the Suez Canal economic zone. The government announced that this complex will create 48,000 job opportunities.
Egypt has been excelling in establishing petrochemical projects for the past few years. In 2016, Egypt opened its first eco-friendly petrochemical complex in Alexandria. The project is the first of its kind in the Middle East as it completely relies on drain water to operate. In addition to being eco-friendly, the project also conserves water.
