{"id":548858,"date":"2022-08-24T04:00:15","date_gmt":"2022-08-24T04:00:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/24\/four-global-firms-in-the-running-to-build-anchorages-usd-2-bn-petchem-complex\/"},"modified":"2022-08-24T04:00:15","modified_gmt":"2022-08-24T04:00:15","slug":"four-global-firms-in-the-running-to-build-anchorages-usd-2-bn-petchem-complex","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/24\/four-global-firms-in-the-running-to-build-anchorages-usd-2-bn-petchem-complex\/","title":{"rendered":"Four global firms in the running to build Anchorage\u2019s USD 2 bn petchem complex"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Anchorage Investments has shortlisted four international firms to build its USD 2 <\/strong><strong>bn petrochemical complex in the Suez Canal Economic Zone (SCZone)<\/strong>, according to a <a href=\"https:\/\/ent.news\/2022\/8\/Tracked_Shortlisted-EPC-Press-Release-ENG-22.8.2022-1.docx.pdf\">company statement (pdf)<\/a>. Hyundai Engineering and Construction, Samsung Engineering, Technip Energies, and Technicas Reunidas made the final round of the tender launched in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6d887763-e504-4343-930a-a889f263fd7a\">mid-March<\/a> for the <a href=\"https:\/\/anchinv.com\/anchor-benitoite\/\">Anchor Benitoite<\/a> project. Anchorage didn\u2019t specify when it will announce its final choice of contractor.<\/p>\n<p><strong>Arab Developers Holding (ADH) has tapped Solid Capital <\/strong><strong>as a financial advisor ahead of the possible IPO of one of its subsidiaries<\/strong> according to <a href=\"https:\/\/ent.news\/2022\/8\/%D8%A7%D9%84%D9%85%D8%B7%D9%88%D8%B1%D9%88%D9%86-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8-21-08-2022.pdf\">a regulatory filing (pdf)<\/a> earlier this week. The developer <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/82b2dbb2-8502-4b3b-92d0-75fb888e662d\">formerly known as Porto Group<\/a> has been looking into a potential listing on the EGX since November, according to Amwal Al Ghad. Company representatives we reached out to for more information on the IPO plans did not respond by dispatch time this morning.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>Fortescue Future Industries<\/strong> will conduct feasibility studies on its proposed green hydrogen plant after signing an MoU with the <strong>Sovereign Fund of Egypt<\/strong>, the <strong>SCZone<\/strong>, the <strong>Egyptian Electricity Transmission Company<\/strong> and the <strong>New and Renewable Energy Authority<\/strong>. (<a href=\"https:\/\/ffi.com.au\/news\/fortescue-future-industries-studies-green-hydrogen-opportunities-in-the-arab-republic-of-egypt\/\">Statement<\/a>)<\/li>\n<li><strong>USAID <\/strong>is providing us with USD 9 mn in fresh financing to support <strong>Egypt\u2019s <\/strong><strong>covid-19 response<\/strong>, and to ensure that \u201cvaccines get to where they are needed most.\u201d (<a href=\"https:\/\/twitter.com\/USAIDEgypt\/status\/1561965107093147650\">Statement<\/a>)<\/li>\n<li>The <strong>UN Development Programme<\/strong> (UNDP) in Egypt signed an MoU with <strong>Savola Foods<\/strong> to help the latter plant climate-resilient crops like millet, quinoa and sorghum. (<a href=\"https:\/\/www.undp.org\/egypt\/press-releases\/undp-savola-foods-sign-mou-leverage-impact-investment-and-advance-sustainable-development-egypt\">Statement<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Anchorage Investments has shortlisted four international firms to build its USD 2 bn petrochemical complex in the Suez Canal Economic Zone (SCZone), according to a company statement (pdf). Hyundai Engineering and Construction, Samsung Engineering, Technip Energies, and Technicas Reunidas made the final round of the tender launched in mid-March for the Anchor Benitoite project. Anchorage [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,107,68,72,9214,2303,78,2304,2305,416,2302,501,113],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548858","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-covid-19","tag-egx","tag-enterpriseam","tag-ffi","tag-fortescue-future-industries","tag-ipo-watch","tag-littering","tag-savola-foods","tag-suez-canal-economic-zone","tag-undp","tag-usaid","tag-vaccines","wpautop","entry"],"acf":{"mongo_id":"866f6460-75d1-4993-84fb-af50096a8be1","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[548836],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Four global firms in the running to build Anchorage\u2019s USD 2 bn petchem complex - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/24\/four-global-firms-in-the-running-to-build-anchorages-usd-2-bn-petchem-complex\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Four global firms in the running to build Anchorage\u2019s USD 2 bn petchem complex\" \/>\n<meta property=\"og:description\" content=\"Anchorage Investments has shortlisted four international firms to build its USD 2 bn petrochemical complex in the Suez Canal Economic Zone (SCZone), according to a company statement (pdf). 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The company will produce a range of petrochemical products and natural gas derivatives, including propylene and polypropylene, and will look to gradually increase the number\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/27.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554099,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/20\/wheat-could-get-pricier-as-russia-mulls-higher-export-tariffs\/","url_meta":{"origin":548858,"position":1},"title":"Wheat could get pricier as Russia mulls higher export tariffs","author":"enterpriseam admin","date":"20 December 2021","format":false,"excerpt":"Brace yourself for pricier wheat as Russia mulls raising export tariffs on the grain: Russia, the world\u2019s largest wheat exporter, is considering imposing higher export tariffs if wheat prices reach USD 375 \/ ton, with a bigger hike proposed if prices reach USD 400 \/ ton, according to a government\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":588390,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/anchorage-investments-signs-with-sczone-for-massive-petrochems-complex\/","url_meta":{"origin":548858,"position":2},"title":"Anchorage Investments signs with SCZone for massive petrochems complex","author":"enterpriseam admin","date":"11 June 2023","format":false,"excerpt":"Plenty of oil and gas news","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/507.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562923,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/10\/also-on-our-radar-on-10-june-2021\/","url_meta":{"origin":548858,"position":3},"title":"Also on our radar on 10 June 2021","author":"enterpriseam admin","date":"10 June 2021","format":false,"excerpt":"Other things we\u2019re keeping an eye on this morning: Some 20% of the USD 7 bn Russian Industrial Zone (RIZ) in East Port Said hasbeen finished, representing 1 mn sqm out of the 5.25 mn sqm stretch of land being allocated to Russian companies in the Suez Canal Economic Zone.CP\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":588842,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/18\/msc-to-build-tenth-of-ramadan-dry-port\/","url_meta":{"origin":548858,"position":4},"title":"MSC to build Tenth of Ramadan dry port","author":"enterpriseam admin","date":"18 June 2023","format":false,"excerpt":"Four consortiums put in bids for the project","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/832.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594427,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/29\/egypts-sczone-receives-bids-worth-usd-1-45-bn-to-establish-iron-steel-factories\/","url_meta":{"origin":548858,"position":5},"title":"Egypt\u2019s SCZone receives bids worth USD 1.45 bn to establish iron, steel factories","author":"enterpriseam admin","date":"29 October 2019","format":false,"excerpt":"The Suez Canal Economic Zone has received requests from two investors to implement USD 1.45 bn in projects, according to the local press. The requests include one from a Chinese company looking to establish an integrated 3 mn tonne steel and iron complex, while another unnamed investor is seeking to\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=548858"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548858\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/548836"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=548858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=548858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=548858"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=548858"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=548858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}