SCA in talks with unnamed int’l petrochemical company over USD 980 mn project

The Suez Canal Authority (SCA) is in talks with an unnamed international petrochemicals company to establish a USD 980 mn refinery in the Suez Canal Economic Zone, SCA boss Mohab Mamish tells Amwal Al Ghad. The authority is also in talks with four unnamed Chinese companies to work on textile, garments, construction, and logistics projects, as well as Indian and Egyptian companies to develop a 20 sqkm area “in the upcoming period.”