Egypt has opened the door to privatisation in the country, welcoming investors by providing them facilities to ensure their success mainly in the fields of petrochemical, industrial chemicals, foodstuff, engineering, agricultural and services. Egypt has offered investment opportunities to Arab and foreign investors in 17 mega projects, with investments varying from US$1 million to US$650 million.
The three projects in the field of petrochemicals are methanol, poly vinyl chloride (PVC) and polystyrene.
The methanol project has a production capacity of 1.3 million tpa and is to be headquartered in Mubarak Petrochemicals Complex at Damietta seaport, at an investment of US$600 million. The project is to be run by the Petrochemicals Holding Company.
The PVC project is aimed at increasing the production capacity of the PVC and building new production lines at the Development Area in Alexandria at an estimated cost of US$250 million.
The PS project is to have a production capacity of 200,000 tons at an investment outlay of US$150 million.
21-Dec-05 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}