VOL. XLVI

No 38

22-September-2003

EGYPT

Apicorp Signs $70Mn Finance Deal For Alexandria Acrylic Fibers

Arab Petroleum Investments Corporation (Apicorp) announced on 17 September it had signed a $70mn agreement to finance the Alexandria Acrylic Fibers Company, which is to be established in Ameriyah near Alexandria. The agreement was signed with a joint venture comprising Sidi Kerir Petrochemical Company, Alexandria Carbon Black Company, the Egyptian Petrochemical Holding Company (ECHEM), the Saudi...