Carbon Holdings increases investments for Tahrir Petrochemical Complex, Ain Sokhna, to US$7 bln

18-Sep-14

Carbon Holdings has increased investments for the Tahrir Petrochemical Complex to be constructed in Ain Sokhna, to US$7 bln. 65% of the project will be financed by bank loans, while the remaining 35% will be self-financed. The necessary contracts for obtaining 65% of the project’s funding are expected to be concluded within six months, while the company is expected to begin work on the project in 45 days. The project is estimated to be finished at the end of 2019.