Egypt to build a US$3.5 billion petrochemicals plant


Egypt awarded South Korea's SK Engineering & Construction a US$3.5 billion deal to build a petrochemicals complex in Egypt in a joint venture it operates with US firm Shaw Group.
The project will be built at Ain Sukhna, an energy hub on the Gulf of Suez, reported Reuters.

In a company statement, SK Engineering & Construction said that it and US engineering company Shaw Group plan to construct the complex from 2012 to 2016 under the agreement made with Egypt private company Carbon Holdings.

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W:

twn Are you sure that you want to switch to desktop version?