{"id":645462,"date":"2017-07-20T04:05:42","date_gmt":"2017-07-20T04:05:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/20\/usd-10-5-bn-petrochemicals-complex-is-being-planned-in-suez\/"},"modified":"2017-07-20T04:05:42","modified_gmt":"2017-07-20T04:05:42","slug":"usd-10-5-bn-petrochemicals-complex-is-being-planned-in-suez","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/20\/usd-10-5-bn-petrochemicals-complex-is-being-planned-in-suez\/","title":{"rendered":"USD 10.5 bn petrochemicals complex is being planned in Suez"},"content":{"rendered":"

<\/a> A USD 10.5 bn petrochemicals complex is being planned in Suez<\/strong>, writes Al Masry Al Youm<\/a>. The governor of Suez met Wednesday with a delegation from an unnamed petrochemical company to discuss plans for establishing the complex. The plan aims to make Suez a petrochemical production hub in the region meeting domestic demand and exporting to foreign markets. Work on the complex is expected to start in 2018. Officials from the World Bank and the European Development Bank also attended the meeting.<\/p>\n

The government had announced plans earlier this week to establish a USD 4 bn petrochemicals plant<\/strong>, according to Oil Minister Tarek El Molla. He had met with Toyota, which will be conducting feasibility studies over the next 28 weeks, AMAY reported<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

A USD 10.5 bn petrochemicals complex is being planned in Suez, writes Al Masry Al Youm. The governor of Suez met Wednesday with a delegation from an unnamed petrochemical company to discuss plans for establishing the complex. The plan aims to make Suez a petrochemical production hub in the region meeting domestic demand and exporting […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645462","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"163a073a-cbd7-4917-b2a7-8e584a5093ee","order":"0","is_powered_by":true,"section_story_id":"edfe9036-f4ac-4fc6-aba2-01dc4933b987","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645451],"teaser":"","voice_url":""},"yoast_head":"\nUSD 10.5 bn petrochemicals complex is being planned in Suez - 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\/2017\/07\/20\/usd-10-5-bn-petrochemicals-complex-is-being-planned-in-suez\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"USD 10.5 bn petrochemicals complex is being planned in Suez\" \/>\n<meta property=\"og:description\" content=\"A USD 10.5 bn petrochemicals complex is being planned in Suez, writes Al Masry Al Youm. 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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 "Investment Watch"","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":562054,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/is-egypt-going-to-build-two-massive-petrochem-complexes-in-ain-sokhna\/","url_meta":{"origin":645462,"position":1},"title":"Is Egypt going to build two massive petrochem complexes in Ain Sokhna?","author":"enterpriseam admin","date":"5 May 2021","format":false,"excerpt":"Ain Sokhna could be getting (another) huge USD 7.5 bn petchem complex: The Suez Canal Economic Zone has signed a USD 7.5 bn agreement with the Red Sea National Refining and Petrochemicals Company to build a petrochemical complex in the Ain Sokhna industrial zone, cabinet said in a statement out\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/37.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":674097,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/23\/anchorage-recommits-to-sokhna-petrochemical-complex-with-increased-price-tag-of-usd-6-5-bn\/","url_meta":{"origin":645462,"position":2},"title":"Anchorage recommits to Sokhna petrochemical complex with increased price tag of USD 6.5 bn","author":"enterpriseam admin","date":"23 October 2025","format":false,"excerpt":"The complex will produce polypropylene, hydrogen, and other petrochemicals","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1191.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569125,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/13\/569125\/","url_meta":{"origin":645462,"position":3},"title":"CORRECTION- Yesterday we incorrectly stated\u2026","author":"enterpriseam admin","date":"13 February 2020","format":false,"excerpt":"CORRECTION- Yesterday we incorrectly stated that the Egyptian General Petroleum Corporation (EGPC) on Tuesday signed an agreement with Bechtel to establish a USD 6.7 bn petrochemicals complex in the Suez Canal Economic Zone. The US construction giant actually signed the agreement with the state-owned Egyptian Petrochemicals Holding Company (ECHEM). The\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604666,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/10\/egypts-carbon-holdings-secures-usd-1-25-bn-for-petrochemical-complex\/","url_meta":{"origin":645462,"position":4},"title":"Egypt\u2019s Carbon Holdings secures USD 1.25 bn for petrochemical complex","author":"enterpriseam admin","date":"10 December 2018","format":false,"excerpt":"INVESTMENT WATCH- Carbon Holdings has secured another USD 1.25 bn in financing to build its massive Tahrir petrochemicals complex after signing a contract with the Lagos-based Africa Finance Corporation, Reuters reports. Carbon has now raised c. USD 5.4 bn for the USD 10.9 bn Tahrir Petrochemicals Company, according to a\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569063,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/12\/bechtel-echem-ink-usd-6-7-bn-petrochem-agreement\/","url_meta":{"origin":645462,"position":5},"title":"Bechtel, ECHEM ink USD 6.7 bn petrochem agreement","author":"enterpriseam admin","date":"12 February 2020","format":false,"excerpt":"ECHEM inks agreement with Bechtel for USD 6.7 bn petchem, refinery complex: The Egyptian Petrochemicals Holding Company (ECHEM) yesterday signed an agreement with Bechtel to establish a USD 6.7 bn petrochemical plant and refinery in the Suez Canal Economic Zone, according to an official statement (pdf). 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