{"id":660977,"date":"2025-02-20T00:00:00","date_gmt":"2025-02-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/20\/shard-capital-alqahtani-holding-ink-framework-agreement-for-usd-7-bn-petrochemical-complex-2\/"},"modified":"2025-02-20T00:00:00","modified_gmt":"2025-02-20T00:00:00","slug":"shard-capital-alqahtani-holding-ink-framework-agreement-for-usd-7-bn-petrochemical-complex-2","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/20\/shard-capital-alqahtani-holding-ink-framework-agreement-for-usd-7-bn-petrochemical-complex-2\/","title":{"rendered":"Shard Capital, Alqahtani Holding ink framework agreement for USD 7 bn petrochemical complex"},"content":{"rendered":"

UK-based <\/strong>Shard Capital<\/a><\/strong> and Saudi Arabia-based <\/strong>Alqahtani Holding<\/a><\/strong> inked a framework <\/strong>agreement for a USD 7 bn <\/strong>petrochemical production complex in <\/strong>New<\/strong> Alamein <\/strong>with the Oil Ministry-backed Egyptian Petrochemicals Holding Company and the Investment Ministry, the Oil Ministry said in a statement<\/a>. When the project first came to light, it was reported that the facility would produce 1.5 mn tons of petrochemical products and another 1 mn tons of petroleum products, including kerosene and mazut, per year.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

REMEMBER- <\/strong>The project has been in the works for a while now, with the Egyptian Petrochemicals Holding Company inking an agreement<\/a> with a British consortium that included Shard Capital to develop the complex in 2020 \u2014 it was valued at USD 8.5 bn back then.<\/p>\n

Alqahtani Holding is a relatively recent addition to the project: <\/strong>We first got word of the group\u2019s involvement in the project last December from an Oil Ministry statement<\/a>. When the project first emerged five years ago \u2014 also at the Egypt Energy Show \u2014 Shard\u2019s private sector partner for the project was the UK\u2019s BSW Group.<\/p>\n

The project will be private sector led and private sector funded<\/strong>, with British, Emirati, and Saudi investors backing the project, Shard\u2019s legal advisor Zaki Hashem said in a separate statement (pdf)<\/a>.<\/p>\n

But there\u2019s still a lot we don\u2019t know about the project<\/strong>, including a timeline or how the ownership will be split.<\/p>\n","protected":false},"excerpt":{"rendered":"

The project will be private sector led and private sector funded<\/p>\n","protected":false},"author":1,"featured_media":660978,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7272],"tags":[93,72,125],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-660977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-energy","tag-enterpriseam","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"894c2d2e-e8b8-447e-8644-f7a218b9c737","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/1977.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Shard Capital, Alqahtani Holding ink framework agreement for USD 7 bn petrochemical complex","related_issue":[660964],"teaser":"The project will be private sector led and private sector funded","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.165872a2-7c00-437b-9555-d51247ebd078.mp3"},"yoast_head":"\nShard Capital, Alqahtani Holding ink framework agreement for USD 7 bn petrochemical 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\/2025\/02\/20\/shard-capital-alqahtani-holding-ink-framework-agreement-for-usd-7-bn-petrochemical-complex-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shard Capital, Alqahtani Holding ink framework agreement for USD 7 bn petrochemical complex\" \/>\n<meta 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2025","format":false,"excerpt":"Good afternoon folks, it\u2019s the last day of the Egypt Energy Show and the energy news is still flowing.THE BIG STORY TODAY Shard Capital and Alqahtani Holding inked a framework agreement for a USD 7 bn New Alamein petrochemical complex with the investment and oil ministries, the Oil Ministry said\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1926.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":661099,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/23\/govt-to-hand-slaughterhouses-to-private-players\/","url_meta":{"origin":660977,"position":1},"title":"Gov\u2019t to hand slaughterhouses to private players","author":"enterpriseam admin","date":"23 February 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The key takeaways and announcements: ECHEM signs agreement with previously unknown English consortium for USD 8.5 bn Alamein petrochem facility: The Egyptian Petrochemicals\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\/2020\/2\/183.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557427,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/nbe-ikarus-to-invest-usd-150-mn-in-petrochemicals\/","url_meta":{"origin":660977,"position":3},"title":"NBE, Ikarus to invest USD 150 mn in petrochemicals","author":"enterpriseam admin","date":"19 September 2021","format":false,"excerpt":"Kuwaiti energy investor Ikarus Petroleum Industries will invest around USD 150 mn in the Egyptian petchem sector alongside the National Bank of Egypt (NBE), according to a joint statement (pdf) last week. NBE\u2019s investment arm Al Ahly Capital will act as the JV\u2019s direct investment manager, according to the terms\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\/9\/251.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":657500,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/22\/cheiron-is-looking-into-expanding-local-operations\/","url_meta":{"origin":660977,"position":4},"title":"Cheiron is looking into expanding local operations","author":"enterpriseam admin","date":"22 December 2024","format":false,"excerpt":"Cheiron recently secured a USD 80 mn loan to fuel exploration operations","rel":"","context":"In "Also on our Radar"","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\/2024\/11\/318.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564345,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/25\/look-out-methanex\/","url_meta":{"origin":660977,"position":5},"title":"Look out Methanex","author":"enterpriseam admin","date":"25 August 2021","format":false,"excerpt":"The Oil Ministry has formed a new state-owned petrochemicals company that will join Methanex in producing methanol in Egypt. A shareholder agreement has been signed establishing Misr Methanol and Petrochemicals, which will manufacture methanol, ammonia, and other petrochemicals, the Oil Ministry announced today in a statement.Around USD 1.6 bn will\u2026","rel":"","context":"In "SPEED ROUND: ENERGY"","block_context":{"text":"SPEED ROUND: ENERGY","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/525.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/660977","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=660977"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/660977\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/660964"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/660978"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=660977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=660977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=660977"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=660977"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=660977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}