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According to news from the Russian Petroleum and Gas Network on April 30, Egyptian Prime Minister Mostafa Madbouli attended the signing ceremony of the contract for the construction of the largest petrochemical plant in the Ain Sokhna Industrial Zone in the Suez Canal Economic Zone.
The contract was signed by the main development company of the Suez Canal Economic Zone and the Red Sea Refining and Petrochemical Company.
It added that the project covers an area of 3.
The purpose of the industrial complex is to realize the high added value of the industry, meet the needs of the local market from the project products, reduce the country's imports of these products, and at the same time create export opportunities for the materials produced, and localize the industry .
El-Molla pointed out that the new complex will also be one of the main pillars of the Egyptian national project, which will transform Egypt into a regional center for oil and gas trading and commerce.
Zhu Jiani is an excerpt from the Russian Oil & Gas Network
The original text is as follows:
Egypt signs $7.
Egypt's Prime Minister Mostafa Madbouli, witnessed the signing ceremony of the contract for the construction of the largest petrochemical complex to be built in the industrial zone of Ain Sokhna in the Suez Canal Economic Zone, as part of the Egyptian state's plan to meet the needs of the local market for petroleum and petrochemical products.
The contract was signed between the Main Development Company of the Suez Canal Economic Zone and the Red Sea Refining and Petrochemical Company.
It added that the project is built on an area of 3.
The purpose of this industrial complex is to achieve high added value in this industry, to meet the needs of the local market from the project's products, reduce the volume of the state's imports of those products, in addition to creating export opportunities for the produced materials , and localizing this industry.
El-Molla pointed out that the new complex would also be one of the main pillars in the national project to transform Egypt into a regional center for oil and gas trade and commerce.
