Carbon Holdings awarded Bechtel two petrochemicals projects contracts in Egypt, Bechtel announced. The first contract is one to provide project management services for the Tahrir Petrochemicals Complex at Ain Sokhna and the other is 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.” Carbon Holdings Chairman and CEO Basil El Baz says “approximately 20,000 Egyptians will be directly employed during the peak construction phase with approximately 3,000 engineers and technicians being employed during the operations phase.”
More from Enterprise
Four foreign funds line up USD 256 mn for Banque du Caire
London’s Redwheel is among the backers, nearly two weeks after…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
A dozen companies have moved up from the SME board, and analysts say investors should look at how capital is being raised
Companies can apply to move to the main board above…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…