Egypt to build largest petrochemical complex in Africa, Middle East

Egypt is set to build the largest petrochemical complex in Africa and the Middle East to refine and produce a range of petroleum and chemical products, Zawya reports.

The project will cost $7.5 billion and will cover an area of 3.56 million square meters located in the Ain Sokhna Industrial Zone of the Suez Canal Economic Zone.

Upon completion, the industrial complex will refine and produce a range of petroleum and chemical products with added value such as polyethylene, polypropylene, polyester, bunker fuel, Zawya notes citing Tariq Al-Mulla, Minister of Petroleum and Mineral Resources.

State-run Red Sea National Refining and Petrochemical Company will erect project.