Middle East Economic Survey

VOL. XLVIII

No 52

26-December-2005

EGYPT

South Koreas GS Engineering And Construction Awarded Petrochemical Contract

South Koreas GS Engineering and Construction Corporation has been awarded a contract worth $350mn by the Egyptian Linear Alkyl Benzene Company (ELAB) for the construction of a 100,000 tons/year petrochemical plant to be located near Alexandria. The South Korean firm has formed a consortium with two Egyptian companies to carry out the work. The consortium...