Tahrir Petrochemicals Complex

Overview:

• The Tahrir Petrochemical Complex is a planned petrochemicals plant to be built in the Ain Sokhna industrial zone, near the Gulf of Suez, by the Tahrir Petrochemical Corporation, a subsidiary of Carbon Holdings.
• The project is expected to cost in excess of $10 billion.
• The Export-Import Bank of the United States, UK Export Finance (UKEF), the Overseas Private Investment Corporation (OPIC) and Servizi Assicurativi del Commercio Estero (SACE) are providing finance for the project.
• Société Générale has been named as the financial adviser to the project.
• It is expected to generate in excess of 20,000 jobs during the construction phase and 100,000 direct and indirect jobs, annual revenue of $6bn and a 25% increase in exports when it becomes operational.

Jon Moore - Journalist