VOL. XLII

No. 25

21-June-1999

EGYPT

Egypt Opening Up Petrochemical Industry To Local Investment

New opportunities for participation in Egypt’s petrochemical industry by local investors have been opening up as a result of the country’s growing demand for petrochemical products coupled with the government’s desire to limit its own expenditure outlays in this field. The main shareholders in these new ventures are Egypt’s banks and insurance companies which, though...