AUGUST 25, 2017 / 3:40 AM
Arwa Gaballa
CAIRO (Reuters) - Egypt’s Carbon Holdings aims to finalize funding and start building its massive Tahrir petrochemicals project by June, producing raw materials desperately needed to boost the country’s industrial sector, its chief executive told Reuters.
The $10.6 billion scheme in the Suez Canal Economic Zone will be the largest petrochemicals project in Egypt. Carbon Holdings CEO Basil El-Baz sees the project helping to double Egypt’s exports within one year of coming online after its five-year construction.
4/19/2017
HOUSTON -- Bechtel, a company in engineering, procurement, and construction, announced that the company has been awarded two contracts by Carbon Holdings of Egypt: one to provide project management services for the Tahrir Petrochemicals Complex at Ain Sokhna, Egypt, and one to build two new polypropylene units at an adjacent site. In its project management role, Bechtel will have oversight of project execution and contractor performance on what will be the largest petrochemicals complex in Egypt.
"For decades we have partnered with customers, contractors, and suppliers in Egypt and the region to safely deliver quality industrial facilities. These awards allow us to continue the legacy with the delivery of world-class facilities for Carbon Holdings," said Joe Thompson, general manager of Bechtel's Downstream and Chemicals business. "At the same time, the project will use goods and services from the United States, supporting jobs and creating opportunities for small businesses in the country."
