The government of Egypt plans to work in collaboration with major Korean companies, aimed at business and investment opportunities in the fields of oil, gas and petrochemicals.
The Egyptian Petrochemical Holding Company (ECHEM) has put into effect a 20 year, three-phase plan to develop the petrochemical industry that aims at making use of Egypt's extensive natural gas reserves which will serve as the cornerstone of the emerging industry. Egypt's petrochemical industry currently generates US$7 billion in annual revenues. Under the ambitious plan, US$10 billion worth of investment will be pumped into 14 new petrochemical complexes in Egypt over the next two decades.
18-Oct-05 
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