VOL. XLIII

No. 46

13-November-2000

EGYPT

Egypt Plans Massive Petrochemicals Expansion

The Egyptian Government has drawn up a $10bn plan to develop the countrys petrochemical industry which will include the construction of 24 petrochemical complexes with a combined production capacity of 15mn tons/y over a 20-year period. Some 100,000 new jobs are expected to be created as a result, mostly in Alexandria, Dumyat and the north of the Gulf of Suez. Announcing the project on 29 September, Egyptian...