Negotiations to establish a US$3.5 bln petrochemical complex in Ain Sokhna are underway, as per Head of the General Authority for Suez Canal Economic Zone (SCEZ) Ahmed Darwish. The mega project is planned to be established within five years. Darwish added that investors are welcomed to finance the Suez Canal Zone projects, pointing out that the SCEZ is independent in terms of decision-making.
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